$RLC Inflows are clearly strong, but unfortunately I wouldn't dare chase it at this point.
This move went from 0.86 to 1.45 in one hour, a gain of about 68%;
And the 1-minute candlestick at the high printed the largest volume of the day, leaving a long upper wick—a sign that upward momentum may be fading in the short term.
Based on RLC's structure, the usual target zone of 1.32–1.37 has already been reached, and 1.45–1.48 has also been more or less touched. The next level to watch above that is around 1.73.
If you want to get in, wait for a pullback before going long:
Wait for the price to retreat to 1.20–1.25 (the 1-minute consolidation range from 14:00 to 14:15) and hold there, with spot CVD not turning down and open interest not dropping sharply.
Place the stop-loss below 1.18. A deeper pullback is also possible.
It's common for highly speculative coins to retrace 30% after a blow-off top. It could fall back to around 1.0–1.1, near the 1-hour EMA7.
Calculate your position size using the formula: position size = acceptable loss ÷ stop-loss distance. For example, if you're willing to lose at most 20U and the stop-loss distance is 5%, open a notional position of just 400U.
This move went from 0.86 to 1.45 in one hour, a gain of about 68%;
And the 1-minute candlestick at the high printed the largest volume of the day, leaving a long upper wick—a sign that upward momentum may be fading in the short term.
Based on RLC's structure, the usual target zone of 1.32–1.37 has already been reached, and 1.45–1.48 has also been more or less touched. The next level to watch above that is around 1.73.
If you want to get in, wait for a pullback before going long:
Wait for the price to retreat to 1.20–1.25 (the 1-minute consolidation range from 14:00 to 14:15) and hold there, with spot CVD not turning down and open interest not dropping sharply.
Place the stop-loss below 1.18. A deeper pullback is also possible.
It's common for highly speculative coins to retrace 30% after a blow-off top. It could fall back to around 1.0–1.1, near the 1-hour EMA7.
Calculate your position size using the formula: position size = acceptable loss ÷ stop-loss distance. For example, if you're willing to lose at most 20U and the stop-loss distance is 5%, open a notional position of just 400U.