RLC / USDT Analysis - October 6
Current price: $0.9475
24h high: $1.0770
24h low: $0.5240
24h liquidity: $61.99M
Technical outlook:
- Price is below MA60 (1.0084) = selling pressure
- Drop from the high of 1.07 to 0.94 = 12% correction
- High volume of 80M = distribution after a 68% rise
- Nearby support: 0.92 - 0.90
- Strong resistance: 1.00 - 1.008 (MA60) - 1.07
Summary:
The coin had a strong 68% pump and is now correcting.
Don't enter now; wait for a sustained break above 1.00 before expecting further gains.
If it breaks below 0.92, it will drop to 0.85.
Plan:
Buy: above 1.02, targeting 1.07 and 1.15
Sell / wait: below 0.92
Stop loss: 0.88
$RLC
Current price: $0.9475
24h high: $1.0770
24h low: $0.5240
24h liquidity: $61.99M
Technical outlook:
- Price is below MA60 (1.0084) = selling pressure
- Drop from the high of 1.07 to 0.94 = 12% correction
- High volume of 80M = distribution after a 68% rise
- Nearby support: 0.92 - 0.90
- Strong resistance: 1.00 - 1.008 (MA60) - 1.07
Summary:
The coin had a strong 68% pump and is now correcting.
Don't enter now; wait for a sustained break above 1.00 before expecting further gains.
If it breaks below 0.92, it will drop to 0.85.
Plan:
Buy: above 1.02, targeting 1.07 and 1.15
Sell / wait: below 0.92
Stop loss: 0.88
$RLC