RLC price Analysis and trade signals!!!
RLC is near 0.77 today, down about 17% in 24 hours after a huge rally from 0.36 to 1.07. Open interest jumped over 1,700%, causing a short squeeze. RSI was near 90, so a pullback was expected. Resistance is 0.80–0.83; support is 0.68–0.70.
Tomorrow, if buyers hold 0.68, price can bounce to 0.75 and then 0.80. A close above 0.83 would confirm recovery. If 0.68 breaks, next support is 0.625, then 0.36–0.40. MACD is still positive, but chasing is risky. Better entry is 0.60–0.65.
There is no real news from iExec since July 23. The move is mostly market mechanics, not fundamentals. Futures open interest is near 35 million, bigger than the 33 million market cap. Liquidity is thin, leverage is high, so RLC can move very fast both ways. Use small size, set stop loss, and avoid buying green candles without a plan. Please be careful.
Short term signals, now buy RLC
1st t.p 0.75
2nd t.p 0.78
3rd t.p 0.80
4rth t.p will be not more then 0.82-0.83.
Thankyou for your time
#RLC/USDT $RLC
RLC is near 0.77 today, down about 17% in 24 hours after a huge rally from 0.36 to 1.07. Open interest jumped over 1,700%, causing a short squeeze. RSI was near 90, so a pullback was expected. Resistance is 0.80–0.83; support is 0.68–0.70.
Tomorrow, if buyers hold 0.68, price can bounce to 0.75 and then 0.80. A close above 0.83 would confirm recovery. If 0.68 breaks, next support is 0.625, then 0.36–0.40. MACD is still positive, but chasing is risky. Better entry is 0.60–0.65.
There is no real news from iExec since July 23. The move is mostly market mechanics, not fundamentals. Futures open interest is near 35 million, bigger than the 33 million market cap. Liquidity is thin, leverage is high, so RLC can move very fast both ways. Use small size, set stop loss, and avoid buying green candles without a plan. Please be careful.
Short term signals, now buy RLC
1st t.p 0.75
2nd t.p 0.78
3rd t.p 0.80
4rth t.p will be not more then 0.82-0.83.
Thankyou for your time
#RLC/USDT $RLC
