​🚨 I'm looking to open a BIG short on $RLC here with 20x leverage.
​🎯 TP: $0.755
🛑 SL: $1.54
📉 Pair: $RLC /USDT Perp
​The obvious question: Why short RLC right after such a massive pump? 🤔
​Because the momentum that was pushing this price higher is likely exhausted.
​A lot of short sellers already got squeezed out during this run, and most of the liquidity sitting above has been cleared. Meanwhile, the on-chain data I’m watching shows larger wallets starting to take profit right around these highs.
​That's the exact shift in the market structure that catches my attention.
​When shorts are wiped out and big holders start cashing out after a vertical spike, the reversal can happen a lot faster than people expect. While late buyers are still staring at green candles expecting the moon, I'm watching for the exact opposite.
​If selling pressure keeps piling up from here, RLC could easily unwind all the way back to where this breakout started.
​This is high-risk, so risk management comes first. The pump squeezed the shorts now let's see if the market squeezes the late buyers. 👀
#RLC #RLC/USDT #Write2Earn #SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC $RLC