🚨 $RLC
— The Short Squeeze wave may not be over yet.
I know many traders are looking at $RLC after this huge move and saying:
"The coin has already gone up so much."
But I’m looking at the same chart and think the short squeeze may not be over yet. 👀🔥
That’s why I’m thinking about opening a large LONG position at current levels.
🎯 Take profit (TP): $1.00
🛑 Stop loss (SL): $0.60
$RLCUSDT | Perpetual contracts
$0.9011 | +107.96%
Why am I still optimistic?
There’s potentially a lot of liquidity above the current price, especially as the price approaches the $1–$1.50 zone.
At the same time, funding is still negative, while many traders are trying to short near the top.
But I don’t expect the price to move straight up.
With a highly volatile coin like this, $RLC could first pull back toward $0.65–$0.67, which could scare buyers and force some of them to exit, possibly putting additional pressure on short positions before another move.
⚠️ This is just my personal market opinion and not financial advice.
Cryptocurrencies are high risk. Do your own research (DYOR) and manage your capital risk.
— The Short Squeeze wave may not be over yet.
I know many traders are looking at $RLC after this huge move and saying:
"The coin has already gone up so much."
But I’m looking at the same chart and think the short squeeze may not be over yet. 👀🔥
That’s why I’m thinking about opening a large LONG position at current levels.
🎯 Take profit (TP): $1.00
🛑 Stop loss (SL): $0.60
$RLCUSDT | Perpetual contracts
$0.9011 | +107.96%
Why am I still optimistic?
There’s potentially a lot of liquidity above the current price, especially as the price approaches the $1–$1.50 zone.
At the same time, funding is still negative, while many traders are trying to short near the top.
But I don’t expect the price to move straight up.
With a highly volatile coin like this, $RLC could first pull back toward $0.65–$0.67, which could scare buyers and force some of them to exit, possibly putting additional pressure on short positions before another move.
⚠️ This is just my personal market opinion and not financial advice.
Cryptocurrencies are high risk. Do your own research (DYOR) and manage your capital risk.
