đ¨ Before you open a short position on $RLC , take a second to look at whatâs happening.
I know itâs already risen more than 100% in less than 24 hours, so the obvious reaction is: âThis has to crash now.â
And thatâs exactly what worries me.
Right now, my feed is full of recommendations to short. Signal groups, verified creatorsâeveryone is seeing the same rally and trying to guess the top.
But when I checked the on-chain activity, I didnât see the kind of weakness I expected. Iâm still seeing aggressive buying while smaller investors keep piling into short positions.
Thatâs a dangerous combination.
Iâve seen this story too many times: everyone shorts at the âobvious top,â the price keeps rising, short positions start getting liquidated, and suddenly the rally gets even more aggressive.
So if $RLC hits $1 or more in the next few hours, honestly, I wouldnât be surprised.
Iâm not saying you should jump in and buy blindly.
Iâm saying donât become someone elseâs liquidity just because everyone on social media is shouting âSHORT!â.
I know itâs already risen more than 100% in less than 24 hours, so the obvious reaction is: âThis has to crash now.â
And thatâs exactly what worries me.
Right now, my feed is full of recommendations to short. Signal groups, verified creatorsâeveryone is seeing the same rally and trying to guess the top.
But when I checked the on-chain activity, I didnât see the kind of weakness I expected. Iâm still seeing aggressive buying while smaller investors keep piling into short positions.
Thatâs a dangerous combination.
Iâve seen this story too many times: everyone shorts at the âobvious top,â the price keeps rising, short positions start getting liquidated, and suddenly the rally gets even more aggressive.
So if $RLC hits $1 or more in the next few hours, honestly, I wouldnât be surprised.
Iâm not saying you should jump in and buy blindly.
Iâm saying donât become someone elseâs liquidity just because everyone on social media is shouting âSHORT!â.
