RLC is around 0.91 now. I’ve gone long, with a target of 1.0 and a stop-loss at 0.85.
This coin surged to 1.087 today but couldn’t hold there. It pulled back to 0.83, then bounced again and just touched 0.9785. Notice how that pullback was both shallow and quick? It didn’t even consolidate at 0.83—it bounced straight back in a V-shape.
I don’t chase coins that shoot straight up in one move. But this kind of setup—surge, pull back to confirm support, then take off for a second time—is the kind that can go far. 0.83 has turned from resistance into support, giving it a solid base. If it goes back to test the previous high, 1.0 is just a thin pane of glass away.
If it breaks below 0.85, that means the second move was a fake-out, and I’m out.
#RLC $RLC
This coin surged to 1.087 today but couldn’t hold there. It pulled back to 0.83, then bounced again and just touched 0.9785. Notice how that pullback was both shallow and quick? It didn’t even consolidate at 0.83—it bounced straight back in a V-shape.
I don’t chase coins that shoot straight up in one move. But this kind of setup—surge, pull back to confirm support, then take off for a second time—is the kind that can go far. 0.83 has turned from resistance into support, giving it a solid base. If it goes back to test the previous high, 1.0 is just a thin pane of glass away.
If it breaks below 0.85, that means the second move was a fake-out, and I’m out.
#RLC $RLC