🚹 Taking a high-conviction SHORT position on $RLC right here using 20x leverage.
TP: $0.755
SL: $1.54
You might ask: why short $RLC after such a massive rally? đŸ€”
Because the buying impulse driving this parabolic spike appears completely exhausted.
The short squeeze has already wiped out early bears, sweeping all the overhead liquidity. At the same time, on-chain metrics reveal major whales and large wallets offloading their positions into these high levels.
That shifts the entire setup for me.
When overhead liquidity is swept and smart money begins distributing after a steep vertical push, a sharp trend reversal often follows much faster than most anticipate.
So while late FOMO buyers are still chasing the green candles...
#SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #SenBlumenthalProbesCantorFitzgeraldTetherTies #SecuritizeSharesRiseOver10%AfterTokenizedStocksLaunch