$RLC Short - entry 1.0465, stop level 1.2466, tp 0.6463 (1:2)
After a 203% run in 4 days, RLC stopped making clean progress. 0.6463 is the bottom of that 60% pullback and price has not been back to it since. That break of 1.078 was small (0.8%), a quick poke and a sell-off from 1.087. Looks like a failed breakout to me. The inducement at 0.6463 is the target and the stop is 19.12% away at 1.2466.
After a 203% run in 4 days, RLC stopped making clean progress. 0.6463 is the bottom of that 60% pullback and price has not been back to it since. That break of 1.078 was small (0.8%), a quick poke and a sell-off from 1.087. Looks like a failed breakout to me. The inducement at 0.6463 is the target and the stop is 19.12% away at 1.2466.