RLC is down — but down is not the same as cheap.
0.582300 · 61.44% 24h · Vol 15M USDT.
RLC is currently a pure momentum play: there’s money flowing in, but it needs further confirmation before trusting the trend.
I’m not jumping to conclusions about the narrative yet; for now, I’m just watching volume, price levels, and the reaction after the move. A 61.44% gain on 15M USDT in volume is a very overheated move. What matters isn’t the current candle, but the reaction afterward: if it holds the 0.360300 zone, the setup is still intact; if it loses that level, it could easily turn into a pump to sell into.
The best time to catch a bottom is when selling pressure dries up, not when the chart looks “cheap.” I’m waiting for a clear reaction at 0.360300 before considering an entry.
Buying the dip or waiting it out?
#RLC #RiskManagement #Crypto
0.582300 · 61.44% 24h · Vol 15M USDT.
RLC is currently a pure momentum play: there’s money flowing in, but it needs further confirmation before trusting the trend.
I’m not jumping to conclusions about the narrative yet; for now, I’m just watching volume, price levels, and the reaction after the move. A 61.44% gain on 15M USDT in volume is a very overheated move. What matters isn’t the current candle, but the reaction afterward: if it holds the 0.360300 zone, the setup is still intact; if it loses that level, it could easily turn into a pump to sell into.
The best time to catch a bottom is when selling pressure dries up, not when the chart looks “cheap.” I’m waiting for a clear reaction at 0.360300 before considering an entry.
Buying the dip or waiting it out?
#RLC #RiskManagement #Crypto