Guys, I’m going to open a BIG LONG on $RLC here.
TP: $1.42
SL: $0.72
$RLC spent a long time compressing inside that triangle, and now price has finally broken above it with strength.
The important part is what happened after the breakout: instead of getting rejected and falling back inside the structure, price is still holding above it.
That’s why $1.42 is my first target.
If RLC reaches that area and breaks it properly, then the next move can become much bigger and that’s where $2 starts looking realistic.
For now, I’m trading the breakout first.
$1.42 first. Then we see if $RLC wants to turn this into something much bigger.
TP: $1.42
SL: $0.72
$RLC spent a long time compressing inside that triangle, and now price has finally broken above it with strength.
The important part is what happened after the breakout: instead of getting rejected and falling back inside the structure, price is still holding above it.
That’s why $1.42 is my first target.
If RLC reaches that area and breaks it properly, then the next move can become much bigger and that’s where $2 starts looking realistic.
For now, I’m trading the breakout first.
$1.42 first. Then we see if $RLC wants to turn this into something much bigger.