$RLC just went vertical and now the real money move could come from the reversal
I don’t wanna short RLC at $0.81 after the first big flush
I will open a short position if RLC bounces into $0.85 to $0.90 and sellers reject that area
Entry around $0.85 to $0.90
TP1 $0.72
TP2 $0.62
Stop Loss $0.95
The daily chart is extremely stretched and the 1H chart has already started losing momentum after the $1.078 spike
If buyers reclaim $0.95 and hold I’m dropping the short idea
I want the bounce first then the rejection
#RLC
I don’t wanna short RLC at $0.81 after the first big flush
I will open a short position if RLC bounces into $0.85 to $0.90 and sellers reject that area
Entry around $0.85 to $0.90
TP1 $0.72
TP2 $0.62
Stop Loss $0.95
The daily chart is extremely stretched and the 1H chart has already started losing momentum after the $1.078 spike
If buyers reclaim $0.95 and hold I’m dropping the short idea
I want the bounce first then the rejection
#RLC
