๐ $RLC
LONG SETUP ๐
RLC ran from a flat base near $0.3589 to a spike high at $1.4887, and is now consolidating in a wide range well above its rising 99 MA. Iโm watching for a long on a dip into the support zone, not chasing the current candle. ๐
Entry: $0.9300 โ $0.9650
TP1: $1.0200
TP2: $1.0800
TP3: $1.1500
SL: $0.8800
๐บ Why RLC is on watch:
Price ($0.9957) is above the 7 MA ($0.9704) and just under the 25 MA ($1.0015), and well above the 99 MA ($0.8561), which is rising and acting as the major support The structure shows a strong higher-high, higher-low trend off the base, and the range since the $1.4887 spike (roughly $0.93 to $1.15) looks like consolidation, not a full reversal Volume has cooled a lot since the breakout and spike candles, a sign the frenzy is fading and the market is resetting The 7 MA ($0.9704) is the first support, with the $0.9300 to $0.9650 area as the dip-buy zone and the 99 MA ($0.8561) as the last line of defense. A 1H close under $0.8800 would invalidate the setup.
Not financial advice. DYOR.
๐ Follow CoinDispatch for more daily trade setups and market updates!
LONG SETUP ๐
RLC ran from a flat base near $0.3589 to a spike high at $1.4887, and is now consolidating in a wide range well above its rising 99 MA. Iโm watching for a long on a dip into the support zone, not chasing the current candle. ๐
Entry: $0.9300 โ $0.9650
TP1: $1.0200
TP2: $1.0800
TP3: $1.1500
SL: $0.8800
๐บ Why RLC is on watch:
Price ($0.9957) is above the 7 MA ($0.9704) and just under the 25 MA ($1.0015), and well above the 99 MA ($0.8561), which is rising and acting as the major support The structure shows a strong higher-high, higher-low trend off the base, and the range since the $1.4887 spike (roughly $0.93 to $1.15) looks like consolidation, not a full reversal Volume has cooled a lot since the breakout and spike candles, a sign the frenzy is fading and the market is resetting The 7 MA ($0.9704) is the first support, with the $0.9300 to $0.9650 area as the dip-buy zone and the 99 MA ($0.8561) as the last line of defense. A 1H close under $0.8800 would invalidate the setup.
Not financial advice. DYOR.
๐ Follow CoinDispatch for more daily trade setups and market updates!