โ๐จ I'm looking to open a BIG short on $RLC here with 20x leverage.
โ๐ฏ TP: $0.755
๐ SL: $1.54
๐ Pair: $RLC /USDT Perp
โThe obvious question: Why short RLC right after such a massive pump? ๐ค
โBecause the momentum that was pushing this price higher is likely exhausted.
โA lot of short sellers already got squeezed out during this run, and most of the liquidity sitting above has been cleared. Meanwhile, the on-chain data Iโm watching shows larger wallets starting to take profit right around these highs.
โThat's the exact shift in the market structure that catches my attention.
โWhen shorts are wiped out and big holders start cashing out after a vertical spike, the reversal can happen a lot faster than people expect. While late buyers are still staring at green candles expecting the moon, I'm watching for the exact opposite.
โIf selling pressure keeps piling up from here, RLC could easily unwind all the way back to where this breakout started.
โThis is high-risk, so risk management comes first. The pump squeezed the shorts now let's see if the market squeezes the late buyers. ๐
#RLC #RLC/USDT #Write2Earn #SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC $RLC
โ๐ฏ TP: $0.755
๐ SL: $1.54
๐ Pair: $RLC /USDT Perp
โThe obvious question: Why short RLC right after such a massive pump? ๐ค
โBecause the momentum that was pushing this price higher is likely exhausted.
โA lot of short sellers already got squeezed out during this run, and most of the liquidity sitting above has been cleared. Meanwhile, the on-chain data Iโm watching shows larger wallets starting to take profit right around these highs.
โThat's the exact shift in the market structure that catches my attention.
โWhen shorts are wiped out and big holders start cashing out after a vertical spike, the reversal can happen a lot faster than people expect. While late buyers are still staring at green candles expecting the moon, I'm watching for the exact opposite.
โIf selling pressure keeps piling up from here, RLC could easily unwind all the way back to where this breakout started.
โThis is high-risk, so risk management comes first. The pump squeezed the shorts now let's see if the market squeezes the late buyers. ๐
#RLC #RLC/USDT #Write2Earn #SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC $RLC