🚨🚀🚀 Binance Futures Watch: RLC rejection increases the likelihood of a correction 📉
🔴 $RLC - Bearish momentum under watch
Dear Binancians ❤️, RLC saw a price rejection near $0.97 after a strong, rapid rally. When the price moves almost vertically, some traders may start taking profits, which could increase the likelihood of a short-term pullback. Therefore, RLC remains under watch for a potential short-selling opportunity, but confirmation is important before entering.
🎯 RLC short trade plan
🔻 Entry zone: $0.915–$0.940
🎯 TP1: $0.875
🎯 TP2: $0.820
🎯 TP3: $0.760
🛑 Stop loss: $0.985
Watch for rejection candles, weakening momentum, and changes in trading volume before making any decisions. Don’t assume every strong rally must reverse immediately; the market may continue rising before any correction occurs.
⚠️ $FIL and $API3 - Under watch
FIL and API3 are also worth monitoring if clear bearish structures emerge. It’s best to wait for resistance rejection and price-action confirmation rather than randomly chasing red candles.
🧠 Summary and lesson for traders
The best trade is not always the fastest one. Protect your capital, respect your stop loss, use leverage cautiously, and size your positions rationally. Targets are possibilities, not guarantees. Do your own research (DYOR) and avoid the fear of missing out (FOMO).
Please trade (buy/sell) after reading our research and valuable content about Binance and the cryptocurrency market.
#KumailAbbasAkmal #FIL #RLC #API3
🔴 $RLC - Bearish momentum under watch
Dear Binancians ❤️, RLC saw a price rejection near $0.97 after a strong, rapid rally. When the price moves almost vertically, some traders may start taking profits, which could increase the likelihood of a short-term pullback. Therefore, RLC remains under watch for a potential short-selling opportunity, but confirmation is important before entering.
🎯 RLC short trade plan
🔻 Entry zone: $0.915–$0.940
🎯 TP1: $0.875
🎯 TP2: $0.820
🎯 TP3: $0.760
🛑 Stop loss: $0.985
Watch for rejection candles, weakening momentum, and changes in trading volume before making any decisions. Don’t assume every strong rally must reverse immediately; the market may continue rising before any correction occurs.
⚠️ $FIL and $API3 - Under watch
FIL and API3 are also worth monitoring if clear bearish structures emerge. It’s best to wait for resistance rejection and price-action confirmation rather than randomly chasing red candles.
🧠 Summary and lesson for traders
The best trade is not always the fastest one. Protect your capital, respect your stop loss, use leverage cautiously, and size your positions rationally. Targets are possibilities, not guarantees. Do your own research (DYOR) and avoid the fear of missing out (FOMO).
Please trade (buy/sell) after reading our research and valuable content about Binance and the cryptocurrency market.
#KumailAbbasAkmal #FIL #RLC #API3
