$RLC 5-minute pullback of 11.22%, with the current price at 1.26. There are two possible scenarios:
① It stabilizes and recovers the point where the decline began → this move looks more like a shakeout
② The rebound fails to hold and it breaks below the 24-hour low of 0.7066 → the downtrend may continue
Personally, I’d wait to see how the stabilization signals play out before deciding. What signals would you need before making a move?
Just sharing my notes; please make your own decisions about buying and selling.
① It stabilizes and recovers the point where the decline began → this move looks more like a shakeout
② The rebound fails to hold and it breaks below the 24-hour low of 0.7066 → the downtrend may continue
Personally, I’d wait to see how the stabilization signals play out before deciding. What signals would you need before making a move?
Just sharing my notes; please make your own decisions about buying and selling.