Can $RLC recover after that brutal liquidity flush, or is another leg down coming? 👀
I’m watching a BIG LONG setup on $RLC but only with confirmation
Entry: $0.84–$0.87
TP: $0.95 → $1.05
SL: $0.77
$RLC surged toward $1.40 before forming lower highs and gradually losing momentum. Now, a massive red candle has swept below the previous consolidation around $0.85–$0.90, with a long lower wick reaching near $0.52.
That extreme wick suggests a sharp rejection of lower prices, but it does not confirm a bottom by itself. The sell-off is aggressive, and volatility is elevated.
My plan is to watch whether RLC can hold $0.84–$0.88 and reclaim $0.90 with stronger buying volume. If buyers regain control, $0.95 and $1.03 become potential recovery targets.
If $0.78 breaks, I’ll abandon the long 💡
I’m watching a BIG LONG setup on $RLC but only with confirmation
Entry: $0.84–$0.87
TP: $0.95 → $1.05
SL: $0.77
$RLC surged toward $1.40 before forming lower highs and gradually losing momentum. Now, a massive red candle has swept below the previous consolidation around $0.85–$0.90, with a long lower wick reaching near $0.52.
That extreme wick suggests a sharp rejection of lower prices, but it does not confirm a bottom by itself. The sell-off is aggressive, and volatility is elevated.
My plan is to watch whether RLC can hold $0.84–$0.88 and reclaim $0.90 with stronger buying volume. If buyers regain control, $0.95 and $1.03 become potential recovery targets.
If $0.78 breaks, I’ll abandon the long 💡