Hey guys, I’m going to place a big, long-term trade on $RLC here.
Profit target (TP): $1.42
Stop loss (SL): $0.72
$RLC spent a long time pressing inside that triangle, and now finally the price has broken above it strongly.
The important part is what happened after the breakout: instead of getting rejected and going back inside again, the price is still holding above it.
So $1.42 is my first target.
If $RLC reaches that area and breaks it properly, then the next move can become much, much bigger—this is where $2 starts to look realistic.
Right now, I’m trading the breakout first.
$1.42 first. Then we’ll see if Rlc wants to turn this into something much bigger. 👀
Profit target (TP): $1.42
Stop loss (SL): $0.72
$RLC spent a long time pressing inside that triangle, and now finally the price has broken above it strongly.
The important part is what happened after the breakout: instead of getting rejected and going back inside again, the price is still holding above it.
So $1.42 is my first target.
If $RLC reaches that area and breaks it properly, then the next move can become much, much bigger—this is where $2 starts to look realistic.
Right now, I’m trading the breakout first.
$1.42 first. Then we’ll see if Rlc wants to turn this into something much bigger. 👀