$RLC Just Got Volatile — Don’t Chase the Green Candle
RLC has made a very aggressive move today, jumping from around the mid-$0.30s to near the $0.90 area. That kind of move can attract buyers fast, but it also creates a big risk of profit-taking.
A Binance liquidation alert shows about $4.99K in RLC short liquidations around $0.8855. This tells us shorts were caught during the sharp push higher.
The key area now is $0.88–$0.91. If RLC holds above this zone with strong buying, another push higher is possible. But if buyers fail and price falls back below $0.80, the recent breakout could start cooling quickly.
📊 Trade Plan — Short on confirmation Entry: $0.88–$0.91 after clear rejection TP1: $0.82 TP2: $0.76 TP3: $0.70 Stop Loss: $0.94
This is a rejection setup, not a blind short. RLC has strong momentum, so entering while price is still breaking upward can be dangerous.
⚠️ Risk Management: Wait for confirmation before entering. If RLC breaks and holds above $0.94, the short idea is invalid. Keep leverage low and protect your capital.
Bitcoin is sitting around $84,572 after a sharp rejection from the $87,256 area. On the 1H chart, BTC is now moving around the $84.5K zone, while MA7 and MA14 are also close to the current price.
That tells me one thing: the market is waiting for confirmation.
I’m watching two scenarios today: 🟢 Bullish scenario If BTC reclaims and holds $84,650–$85,000, the next area I’ll watch is $85,350, followed by $86,300. 🔴 Bearish scenario
If BTC loses $84,300 and fails to reclaim it, sellers could test $83,875 again. A clean break below that low would make the downside structure stronger. ⚠️ I would not chase the middle of this range.
🟢 $SNDKB Short Liquidation: $3.57K at $1,786.62 — Binance
SNDK is moving fast, and this short liquidation is worth watching. The $1,786 area is acting like an important battlefield after price pushed toward the $1,800 zone.
Current market data puts SNDK around the $1,780 area, with the recent intraday range roughly around $1,710–$1,800.
What interests me here is the positioning.
If buyers can hold above the $1,780–$1,786 zone and reclaim $1,800 with volume, another squeeze higher could develop as more shorts get trapped.
But I wouldn't chase the move blindly. A rejection around $1,800 followed by a loss of $1,780 could quickly bring sellers back into the game.
One important detail: SNDK on Binance is linked to SanDisk stock/perpetual exposure, not a traditional crypto token, so Nasdaq moves, company news and semiconductor-sector sentiment can heavily influence it.
Watching $1,800 resistance and $1,780 support closely.
ETH dropped to $2,406 after yesterday's PPI print, but the market didn't wait around — it erased the entire drop and reclaimed $2,464 fast. That kind of snap-back doesn't prove much on its own, but it does show buyers are still active at these levels.
The real test is still ahead. Oil's holding above $100, rate hike odds are sitting around 70%, and CPI drops today. That combination is the risky part — if CPI comes in hot, hike probability climbs further and risk assets take the hit.
My focus is $2,350. If ETH holds above that through FOMC, $2,800-$3,400 becomes the next target. But if that level breaks, there's room to fall all the way to $1,900 — downside isn't something to brush off this time.
I'm sitting on the sidelines myself waiting for CPI and the Fed's tone, entering this week feels more like a gamble than a thesis right now.
What's your take — does a hot CPI actually send ETH down to test $2,350, or do buyers defend that level regardless?