$RLC SURGING 39.4% โ BUYERS ARE ALREADY BREAKING STRUCTURE ๐ฅ
The 15-minute chart shows aggressive liquidity hunting, which left a Fair Value Gap below the current consolidation after the price reached the calculated peak level of 0.7241. Weak shorts may already have fueled the first move, but the structure still allows for another impulse. Volume over the last approximately 4 hours reached $94,239,281.96, with one bullish candle standing out for its particularly high volume.
Volume is now starting to decline while the price holds the 0.5203โ0.5525 accumulation zone. The MA(7) at 0.5310 provides immediate support, while the critical order block at 0.4398 has yet to be touched. As long as the accumulation zone holds, sellers will struggle to stop a secondary expansion, which could retest the calculated high of 0.7241. At the same time, a breakdown of this zone could trigger a sharp correction to fill the FVG near 0.4452.
Are you watching for another assault on the high, or waiting for the market to first take liquidity from the inefficiency?
Not financial advice. Always manage your risk.
Subscribe so you don't miss new entry points and market updates ๐
Trade this pair ๐๏ธ
$RLC
#gtc #fluid
The 15-minute chart shows aggressive liquidity hunting, which left a Fair Value Gap below the current consolidation after the price reached the calculated peak level of 0.7241. Weak shorts may already have fueled the first move, but the structure still allows for another impulse. Volume over the last approximately 4 hours reached $94,239,281.96, with one bullish candle standing out for its particularly high volume.
Volume is now starting to decline while the price holds the 0.5203โ0.5525 accumulation zone. The MA(7) at 0.5310 provides immediate support, while the critical order block at 0.4398 has yet to be touched. As long as the accumulation zone holds, sellers will struggle to stop a secondary expansion, which could retest the calculated high of 0.7241. At the same time, a breakdown of this zone could trigger a sharp correction to fill the FVG near 0.4452.
Are you watching for another assault on the high, or waiting for the market to first take liquidity from the inefficiency?
Not financial advice. Always manage your risk.
Subscribe so you don't miss new entry points and market updates ๐
Trade this pair ๐๏ธ
$RLC
#gtc #fluid
