$RLC Dumped 13%… Oversold Bounce or More Pain Ahead?
Price: 0.6521 (−13.79%)
Strong pump to 1.077 followed by a sharp sell-off.
Price is now testing the 24h low near 0.6515 and sitting just above EMA(25) at 0.6324.
EMA(7) at 0.6945 is acting as resistance.
RSI(6) at 39.8 and Stochastic K at 8.8 show deeply oversold conditions.
This is a high-volatility coin right now.
Trade Plan
Long Setup
Entry Zone: 0.645 – 0.655
TP1: 0.695
TP2: 0.740
TP3: 0.800
SL: Below 0.625
Long works better if price holds above 0.640 and shows a clear reclaim of EMA(7).
Short Setup
Short becomes stronger if:
Price closes below 0.640 with volume
Fails to hold EMA(25)
RSI stays weak below 40
Short Entry: Breakdown & retest of 0.640 – 0.635
TP1: 0.600
TP2: 0.560
TP3: 0.520
SL: Above 0.670
Risk Management
Position size small. This pair is extremely volatile after the recent pump. Always use stop-loss. Never risk more than 1-2% of your capital on a single trade.
Disclaimer
This is not financial advice. Crypto trading involves significant risk of loss. Do your own research and trade responsibly. Past performance is not indicative of future results.
What’s your bias on RLC?
#RLC #iExec #Crypto #Trading $RLC
Price: 0.6521 (−13.79%)
Strong pump to 1.077 followed by a sharp sell-off.
Price is now testing the 24h low near 0.6515 and sitting just above EMA(25) at 0.6324.
EMA(7) at 0.6945 is acting as resistance.
RSI(6) at 39.8 and Stochastic K at 8.8 show deeply oversold conditions.
This is a high-volatility coin right now.
Trade Plan
Long Setup
Entry Zone: 0.645 – 0.655
TP1: 0.695
TP2: 0.740
TP3: 0.800
SL: Below 0.625
Long works better if price holds above 0.640 and shows a clear reclaim of EMA(7).
Short Setup
Short becomes stronger if:
Price closes below 0.640 with volume
Fails to hold EMA(25)
RSI stays weak below 40
Short Entry: Breakdown & retest of 0.640 – 0.635
TP1: 0.600
TP2: 0.560
TP3: 0.520
SL: Above 0.670
Risk Management
Position size small. This pair is extremely volatile after the recent pump. Always use stop-loss. Never risk more than 1-2% of your capital on a single trade.
Disclaimer
This is not financial advice. Crypto trading involves significant risk of loss. Do your own research and trade responsibly. Past performance is not indicative of future results.
What’s your bias on RLC?
#RLC #iExec #Crypto #Trading $RLC