$RLC Bull Trap at $1.15 — Is a 20% Correction Coming Next? iExec RLC has tested the key $1.15 trading level several times but has failed to achieve a confirmed breakout. The latest attempt resulted in a Bull Trap, showing that selling pressure remains strong around this area. Technical Analysis From an Elliott Wave perspective, RLC appears to have completed its main 5-Wave Impulsive Structure, increasing the probability of a broader corrective phase. I expect RLC to potentially decline by at least 20%, with the Cumulative Long Liquidation Leverage($0.700-$0.768) acting as an important downside target. For now, the psychological $1.00 level remains critical. Holding above it could help buyers regain short-term control, while losing it would strengthen the bearish scenario. Can RLC stabilize above $1.00, or will the correction extend toward the lower liquidity zone? #RLC