$RLC Short Setup - Meat Grinder! 📉
$RLC 165% in 7 days, OI +770% - This is not a rally, this is a meat grinder.
Funding deeply negative, shorts getting paid to hold. Longs are overcrowded and stepping on each other. $1.065 resistance is right above - Any push higher is just money for shorts.
This is a clear bull trap. Don't be the last one holding the bag.
Plan:
Entry: $1.0 - $1.065 (Short Zone)
TP 1: $0.90
TP 2: $0.80
TP 3: $0.65
SL: $1.12 Closing
Low leverage 5-10x only. Manage your risk!
Your view on $RLC? Are you Short?
#RLC #BTC #altcoins $RLC
$RLC 165% in 7 days, OI +770% - This is not a rally, this is a meat grinder.
Funding deeply negative, shorts getting paid to hold. Longs are overcrowded and stepping on each other. $1.065 resistance is right above - Any push higher is just money for shorts.
This is a clear bull trap. Don't be the last one holding the bag.
Plan:
Entry: $1.0 - $1.065 (Short Zone)
TP 1: $0.90
TP 2: $0.80
TP 3: $0.65
SL: $1.12 Closing
Low leverage 5-10x only. Manage your risk!
Your view on $RLC? Are you Short?
#RLC #BTC #altcoins $RLC