๐จ Guys, Iโm going to open a BIG SHORT on $RLC here with 20x leverage.
TP: $0.755
SL: $1.54 ๐๐ป
Now the obvious question is, why short $RLC after such a huge pump? ๐ค
Because the part that was pushing price higher may already be done.
A lot of short sellers have already been squeezed out during this move, and the short-side liquidity that was sitting above has largely been cleared. At the same time, the on-chain activity Iโm watching is starting to show selling from larger wallets near these highs.
Thatโs exactly where the setup changes for me.
When shorts are already liquidated and bigger holders start taking profit after a vertical move, price can reverse much faster than people expect.
So while late buyers are still looking at the green candles and thinking thereโs more upside, Iโm watching for the opposite move.
If selling keeps building from here, $RLC can unwind sharply back toward the area where this whole breakout started.
This is not a low-risk setup, so Iโm keeping risk controlled.
The pump squeezed the shorts. Now I want to see if the market starts squeezing the late buyers. ๐
TP: $0.755
SL: $1.54 ๐๐ป
Now the obvious question is, why short $RLC after such a huge pump? ๐ค
Because the part that was pushing price higher may already be done.
A lot of short sellers have already been squeezed out during this move, and the short-side liquidity that was sitting above has largely been cleared. At the same time, the on-chain activity Iโm watching is starting to show selling from larger wallets near these highs.
Thatโs exactly where the setup changes for me.
When shorts are already liquidated and bigger holders start taking profit after a vertical move, price can reverse much faster than people expect.
So while late buyers are still looking at the green candles and thinking thereโs more upside, Iโm watching for the opposite move.
If selling keeps building from here, $RLC can unwind sharply back toward the area where this whole breakout started.
This is not a low-risk setup, so Iโm keeping risk controlled.
The pump squeezed the shorts. Now I want to see if the market starts squeezing the late buyers. ๐