This move is pretty wild!
$RLC Up 45.8% over the past 24 hours, while open interest has actually dropped 9.88%! Looks like the bears are lining up to close out their positions ⚡️
But short covering alone probably can’t keep the rally going for long. The key is whether new money can step in!
Where do you think the key levels are?
Just my personal take—it might not be accurate, so take it with a grain of salt.
$RLC Up 45.8% over the past 24 hours, while open interest has actually dropped 9.88%! Looks like the bears are lining up to close out their positions ⚡️
But short covering alone probably can’t keep the rally going for long. The key is whether new money can step in!
Where do you think the key levels are?
Just my personal take—it might not be accurate, so take it with a grain of salt.