$RLC is showing a high-volatility pullback/retest setup after a massive breakout from the $0.50 area and a liquidity sweep toward $1.078. Buyers remain dominant, but the 100%+ move makes chasing above $1.03 risky; the cleaner setup is a retest of the breakout structure.
EP: $0.980–$1.010
TP1: $1.070
TP2: $1.120
TP3: $1.180
SL: $0.935
The $1.07–$1.08 area is immediate resistance and nearby buy-side liquidity, while $0.98–$1.01 is the key psychological and breakout-retest zone. The supplied chart shows $1.0008–$1.0153 as nearby support, while market data confirms extreme volatility and a very large volume expansion.
If RLC holds $0.98 and buyers reclaim $1.07, continuation toward the higher targets becomes reasonable. A sustained break below $0.935 invalidates the setup and would favor a deeper retracement; negative perp funding also means shorts are currently paying longs, so squeeze conditions remain possible.
$NMR
$ORCA
EP: $0.980–$1.010
TP1: $1.070
TP2: $1.120
TP3: $1.180
SL: $0.935
The $1.07–$1.08 area is immediate resistance and nearby buy-side liquidity, while $0.98–$1.01 is the key psychological and breakout-retest zone. The supplied chart shows $1.0008–$1.0153 as nearby support, while market data confirms extreme volatility and a very large volume expansion.
If RLC holds $0.98 and buyers reclaim $1.07, continuation toward the higher targets becomes reasonable. A sustained break below $0.935 invalidates the setup and would favor a deeper retracement; negative perp funding also means shorts are currently paying longs, so squeeze conditions remain possible.
$NMR
$ORCA
Bullish💚
53%
Banter❤️
47%
62 votes • Voting closed