$RLC
Sharp rejection after a parabolic rise — bearish pressure is increasing.
Leverage: Up to 5x
Trading direction: Short
Entry: 0.5400–0.5600
Stop loss: 0.6100
Take-profit target 1: 0.5000
Take-profit target 2: 0.4500
Take-profit target 3: 0.4000
The price briefly rose to 0.6730, then faced strong rejection, forming a long upper wick, while lower highs emerged, signaling that sellers are gradually entering the market. As long as 0.6100 holds as resistance, the price is expected to return to the demand zones at 0.5000 and 0.4500 as the upward momentum gradually fades.
Sharp rejection after a parabolic rise — bearish pressure is increasing.
Leverage: Up to 5x
Trading direction: Short
Entry: 0.5400–0.5600
Stop loss: 0.6100
Take-profit target 1: 0.5000
Take-profit target 2: 0.4500
Take-profit target 3: 0.4000
The price briefly rose to 0.6730, then faced strong rejection, forming a long upper wick, while lower highs emerged, signaling that sellers are gradually entering the market. As long as 0.6100 holds as resistance, the price is expected to return to the demand zones at 0.5000 and 0.4500 as the upward momentum gradually fades.