$RLC FACES STRONG SELLING PRESSURE AFTER REJECTION
$RLC made a sharp move higher but failed to hold its gains after facing rejection near $1.48. Price has now pulled back toward $0.87, and sellers appear to be gaining control.
SHORT SETUP
Entry Zone: $0.87–$0.90
TP1: $0.83
TP2: $0.78
TP3: $0.72
Stop Loss: $0.96
I'm watching the $0.82 support level closely. A confirmed breakdown below this zone could open the door for further downside.
For now, I'm waiting for confirmation rather than jumping into a trade too early. Let the price action show the direction before making a move.
$RLC made a sharp move higher but failed to hold its gains after facing rejection near $1.48. Price has now pulled back toward $0.87, and sellers appear to be gaining control.
SHORT SETUP
Entry Zone: $0.87–$0.90
TP1: $0.83
TP2: $0.78
TP3: $0.72
Stop Loss: $0.96
I'm watching the $0.82 support level closely. A confirmed breakdown below this zone could open the door for further downside.
For now, I'm waiting for confirmation rather than jumping into a trade too early. Let the price action show the direction before making a move.