$RLC Short Setup - Meat Grinder Market! 📉
$RLC is up 165% in 7 days, with open interest surging 770%—this isn't a market, it's a meat grinder.
Funding rates are so negative that shorts are paying to stay in, while longs are packed in so tightly they're tripping over each other. $1.065 is right overhead—any spike is just handing money to the shorts.
This is clearly a bull trap. Don't be the last one left holding the bag.
Plan:
Entry: $1.0–$1.065 (short zone)
Take profit 1: $0.90
Take profit 2: $0.80
Take profit 3: $0.65
Stop loss: daily close above $1.12
Use only low leverage (5–10x) and manage your risk!
What do you think of $RLC ? Are you short?
#RLC #BTC #altcoins $RLC
$RLC is up 165% in 7 days, with open interest surging 770%—this isn't a market, it's a meat grinder.
Funding rates are so negative that shorts are paying to stay in, while longs are packed in so tightly they're tripping over each other. $1.065 is right overhead—any spike is just handing money to the shorts.
This is clearly a bull trap. Don't be the last one left holding the bag.
Plan:
Entry: $1.0–$1.065 (short zone)
Take profit 1: $0.90
Take profit 2: $0.80
Take profit 3: $0.65
Stop loss: daily close above $1.12
Use only low leverage (5–10x) and manage your risk!
What do you think of $RLC ? Are you short?
#RLC #BTC #altcoins $RLC