RLC is battling a bearish swing after a recent rally, now hugging the 0.0255 resistance zone. The price is slipping into a clear down‑trend channel.
🔴 $RLC SHORT 📉
Entry $0.965234-$0.967166 | SL $0.995186 (-3.0%) | TP1 $0.951707 (+1.5%) | TP2 $0.917890 (+5.0%) | R/R 1:1.7 | Conf 64%
The market structure broke lower highs (CHoCH) and the CVD turned negative, confirming sellers. A fresh FVG lines up with a bullish order block that’s now acting as a bearish POI, giving a tight confluence. The price is testing the OB/FVG overlap, setting up a clean short entry.
A 3.0% stop is relatively tight, so a 5x‑6x leverage keeps risk around 1% of the account.
Take half profit at the first target around a 1.7‑to‑1 reward.
As always: manage your risk, this is not financial advice 🙏
$RLC #RLCUSDT #xrpledgerpatchesxrpcreationbug #TradingSignals #Write2Earn
🔴 $RLC SHORT 📉
Entry $0.965234-$0.967166 | SL $0.995186 (-3.0%) | TP1 $0.951707 (+1.5%) | TP2 $0.917890 (+5.0%) | R/R 1:1.7 | Conf 64%
The market structure broke lower highs (CHoCH) and the CVD turned negative, confirming sellers. A fresh FVG lines up with a bullish order block that’s now acting as a bearish POI, giving a tight confluence. The price is testing the OB/FVG overlap, setting up a clean short entry.
A 3.0% stop is relatively tight, so a 5x‑6x leverage keeps risk around 1% of the account.
Take half profit at the first target around a 1.7‑to‑1 reward.
As always: manage your risk, this is not financial advice 🙏
$RLC #RLCUSDT #xrpledgerpatchesxrpcreationbug #TradingSignals #Write2Earn