$RLC +50% in 24h: continuation or a trap for late buyers? 🚀⚠️
With 670M USDT in volume, RLC went from ~0.40 to a high of 1.4887 and has now given back some of the move.
📊 What the charts say
• 1D: RSI at 89 and the price nearly 2x above the EMA20 (0.53). It’s very stretched.
• 4h: the price is still above all 3 EMAs and the MACD has crossed back up. The trend is still bullish.
• 15m: consolidating between 1.03 and 1.12, close to the EMA20. Momentum has cooled (RSI ~52, MACD flat).
🎯 Key levels
• 1.0663 / 1.0289: 15m EMA20 and EMA50. Losing these opens the door to 0.90.
• 1.2131: first strong resistance.
• 1.4887: the day’s high, with a long rejection wick.
🧠 My take: the trend is strong, but entering now means buying at a high price. I’d prefer a pullback to support or a breakout above 1.21 with volume.
No position. In parabolic moves, waiting is also a strategy. 💪
Would you buy the breakout or wait for a pullback? 👇
#RLC #iExecRLC #Trading #TechnicalAnalysis #BinanceSquareTalks quare
Not financial advice. A +50% pump means high volatility.$ETH
With 670M USDT in volume, RLC went from ~0.40 to a high of 1.4887 and has now given back some of the move.
📊 What the charts say
• 1D: RSI at 89 and the price nearly 2x above the EMA20 (0.53). It’s very stretched.
• 4h: the price is still above all 3 EMAs and the MACD has crossed back up. The trend is still bullish.
• 15m: consolidating between 1.03 and 1.12, close to the EMA20. Momentum has cooled (RSI ~52, MACD flat).
🎯 Key levels
• 1.0663 / 1.0289: 15m EMA20 and EMA50. Losing these opens the door to 0.90.
• 1.2131: first strong resistance.
• 1.4887: the day’s high, with a long rejection wick.
🧠 My take: the trend is strong, but entering now means buying at a high price. I’d prefer a pullback to support or a breakout above 1.21 with volume.
No position. In parabolic moves, waiting is also a strategy. 💪
Would you buy the breakout or wait for a pullback? 👇
#RLC #iExecRLC #Trading #TechnicalAnalysis #BinanceSquareTalks quare
Not financial advice. A +50% pump means high volatility.$ETH