Guy's Short #RLC Momentum Is Cooling After the Rally
$RLC is trading near 0.8504, down 3.82%, after a sharp rejection from 1.4887. Sellers are gaining attention, but price is also approaching the 0.8236 support zone. I’d watch for a weak retest before considering a short rather than selling directly into support.
Short setup
Entry: 0.8700–0.9000
SL: 0.9300
TP1: 0.8236
TP2: 0.7800
TP3: 0.7200
Invalidation: a strong reclaim above 0.9300 weakens this setup. Wait for confirmation and manage risk carefully. DYOR.
$RLC is trading near 0.8504, down 3.82%, after a sharp rejection from 1.4887. Sellers are gaining attention, but price is also approaching the 0.8236 support zone. I’d watch for a weak retest before considering a short rather than selling directly into support.
Short setup
Entry: 0.8700–0.9000
SL: 0.9300
TP1: 0.8236
TP2: 0.7800
TP3: 0.7200
Invalidation: a strong reclaim above 0.9300 weakens this setup. Wait for confirmation and manage risk carefully. DYOR.