$RLC SHORT SETUP ... 0.60 RESISTANCE IS THE KEY
RLC is heavily extended after a huge vertical run, but price is still trading below the 0.58–0.60 supply zone. If buyers fail to reclaim that area, I’m expecting a deeper mean-reversion move.
Entry: 0.55–0.58
TP1: 0.52
TP2: 0.50
Next Price: 0.495
Extended Target: 0.45
SL: 0.635
As long as 0.60 stays unbroken, I favor the short side. A rejection from this zone could unwind the move quickly toward 0.50 first, then 0.45.
Trade on $RLC
RLC is heavily extended after a huge vertical run, but price is still trading below the 0.58–0.60 supply zone. If buyers fail to reclaim that area, I’m expecting a deeper mean-reversion move.
Entry: 0.55–0.58
TP1: 0.52
TP2: 0.50
Next Price: 0.495
Extended Target: 0.45
SL: 0.635
As long as 0.60 stays unbroken, I favor the short side. A rejection from this zone could unwind the move quickly toward 0.50 first, then 0.45.
Trade on $RLC