$RLC just swept a key level and reclaimed it.
Open interest is expanding with the move, and volume is backing the move.
The idea stays interesting while buyers can defend $0.9421–$0.9488. The setup is invalid if price cleanly crosses $0.9345.
Would you take the retest on $RLC, or wait for one more confirmation?
#RLC #Trading
Trade plan: LONG
Entry: $0.9421 - $0.9488
SL: $0.9345
TP1: $0.9671
TP2: $0.9828
TP3: $0.9984
Open interest is expanding with the move, and volume is backing the move.
The idea stays interesting while buyers can defend $0.9421–$0.9488. The setup is invalid if price cleanly crosses $0.9345.
Would you take the retest on $RLC, or wait for one more confirmation?
#RLC #Trading
Trade plan: LONG
Entry: $0.9421 - $0.9488
SL: $0.9345
TP1: $0.9671
TP2: $0.9828
TP3: $0.9984