Bullish alignment 100% still painting a rosy picture🎨
💥💥 One bearish candle slammed straight through the moving-average cluster. $RLC closed at 0.99700, 0.52% below the cluster
The bulls got flattened
Of the previous 96 candles, 64% were still hovering above the cluster
Now price has plunged to the 7% mark on the candlestick—even the strong support zone failed to hold
Only 3/8 conditions are flashing green, and CCI is still languishing at -80.4
MACD histogram: -0.00016; DIF/DEA both at -0.0077/-0.0076
Even the bulls have lost faith❌
Strategy: No entry.
I’m watching for CCI to cross back above 100 and the MACD histogram to turn positive
On the 1d chart, they’re still calling it a “rebound” in a downtrend
The 0.99700 line is the dividing line—I’ll only act once price gets back above the cluster
Do you think it can push back up, or should we accept the loss and go with the trend?👇
⚠️ Technical analysis is for reference only and does not constitute investment advice
#RLC $RLC
💥💥 One bearish candle slammed straight through the moving-average cluster. $RLC closed at 0.99700, 0.52% below the cluster
The bulls got flattened
Of the previous 96 candles, 64% were still hovering above the cluster
Now price has plunged to the 7% mark on the candlestick—even the strong support zone failed to hold
Only 3/8 conditions are flashing green, and CCI is still languishing at -80.4
MACD histogram: -0.00016; DIF/DEA both at -0.0077/-0.0076
Even the bulls have lost faith❌
Strategy: No entry.
I’m watching for CCI to cross back above 100 and the MACD histogram to turn positive
On the 1d chart, they’re still calling it a “rebound” in a downtrend
The 0.99700 line is the dividing line—I’ll only act once price gets back above the cluster
Do you think it can push back up, or should we accept the loss and go with the trend?👇
⚠️ Technical analysis is for reference only and does not constitute investment advice
#RLC $RLC