$RLC just pulled off a wild expansion leg toward $1.48 before running into heavy profit-taking pressure.
Looking at the 15M timeframe, the pullback has cooled down right into the EMA 7 dynamic support around $1.20 - $1.22. As long as this short-term moving average holds as a floor, buyers are keeping the momentum alive for another retest of higher levels.
If this consolidation turns into a higher low, we could see another push back toward the $1.35 and $1.45 region. However, a breakdown below $1.20 might trigger a deeper retracement toward the 1H EMA support layers.
Are you guys riding this momentum or waiting for a deeper dip before looking at spot setups?
#RLC #SolanaPlansToCutBlockTimesTo200ms #BlockStreamAnalytics
Looking at the 15M timeframe, the pullback has cooled down right into the EMA 7 dynamic support around $1.20 - $1.22. As long as this short-term moving average holds as a floor, buyers are keeping the momentum alive for another retest of higher levels.
If this consolidation turns into a higher low, we could see another push back toward the $1.35 and $1.45 region. However, a breakdown below $1.20 might trigger a deeper retracement toward the 1H EMA support layers.
Are you guys riding this momentum or waiting for a deeper dip before looking at spot setups?
#RLC #SolanaPlansToCutBlockTimesTo200ms #BlockStreamAnalytics