$RLC 5-minute drop of 2.27%, current price 0.8873. Two possible scenarios from here:
① Volume declines, price holds sideways and recovers to the starting point of the drop → this move looks more like a sentiment-driven selloff
② The rebound lacks strength and breaks below the 24h low of 0.878 → the downtrend is likely to continue
I’ll wait to see signs of stabilization before drawing a conclusion. Could the market turn around next?
#RLC
① Volume declines, price holds sideways and recovers to the starting point of the drop → this move looks more like a sentiment-driven selloff
② The rebound lacks strength and breaks below the 24h low of 0.878 → the downtrend is likely to continue
I’ll wait to see signs of stabilization before drawing a conclusion. Could the market turn around next?
#RLC