$RLC Squeezes Shorts as Whales Stay Long‼️‼️
$RLC has surged 133% in 24 hours, wiping out around $5.3M in leveraged shorts....
Retail traders are still leaning bearish. Long positions dropped from 71% to 39% this week, while whales remain 77% long.
Whales currently hold $4.48M in longs around $0.6275, versus $1.37M in shorts around $0.7345.
Now $1.00 is the key resistance. Holding above it could put shorts under even more pressure, while a move below $0.7345 may signal the squeeze is losing strength.
$RLC has surged 133% in 24 hours, wiping out around $5.3M in leveraged shorts....
Retail traders are still leaning bearish. Long positions dropped from 71% to 39% this week, while whales remain 77% long.
Whales currently hold $4.48M in longs around $0.6275, versus $1.37M in shorts around $0.7345.
Now $1.00 is the key resistance. Holding above it could put shorts under even more pressure, while a move below $0.7345 may signal the squeeze is losing strength.