đš DONâT SHORT $RLC HERE â BUY THE BREAKOUT đ
Iâm seeing a lot of people rushing to short RLC after its massive 300%+ move in the last 24 hours.
But this is exactly where shorting can be dangerous.
$RLC is still trading around $0.88, with strong volume continuing to flow in. With a market cap still below $100M, this coin can move extremely fast when momentum kicks in.
And the next major psychological level is $1.
Thereâs no major resistance immediately above the current price on the 1D timeframe, so I wouldnât be surprised to see RLC push toward $1 and potentially break higher if volume remains strong.
My strategy here is simple:
đ„ BUY into the momentum
đŻ Watch $1 closely
đ° Take profits into strength
â Donât blindly short a coin with this kind of momentum
The biggest mistake right now may not be buying too high.
It could be shorting too early and getting squeezed.
$RLC is moving fast. Donât fight the trend. đ
Iâm seeing a lot of people rushing to short RLC after its massive 300%+ move in the last 24 hours.
But this is exactly where shorting can be dangerous.
$RLC is still trading around $0.88, with strong volume continuing to flow in. With a market cap still below $100M, this coin can move extremely fast when momentum kicks in.
And the next major psychological level is $1.
Thereâs no major resistance immediately above the current price on the 1D timeframe, so I wouldnât be surprised to see RLC push toward $1 and potentially break higher if volume remains strong.
My strategy here is simple:
đ„ BUY into the momentum
đŻ Watch $1 closely
đ° Take profits into strength
â Donât blindly short a coin with this kind of momentum
The biggest mistake right now may not be buying too high.
It could be shorting too early and getting squeezed.
$RLC is moving fast. Donât fight the trend. đ