$RLC
# đ„ BIG PUMP, BUT IS A PULLBACK NEXT? đ»đ
After a massive rally, $RLC faced rejection near $0.98, making the short-term outlook more cautious. Price has already pulled back, and buyers are struggling to reclaim higher levels. đ
đ Bearish Setup I'm Watching:
đ Potential Entry Zone: $0.9100â$0.9500
đŻ TP1: $0.8900
đŻ TP2: $0.8700
đŻ TP3: $0.8513
đ Stop Loss (SL): $0.9880
đ» What Could Trigger More Downside?
If below $0.8900 and holds below it, selling pressure could increase toward $0.8700 and then $0.8513.
â ïž A recovery above $0.9512 could weaken this bearish scenario. I'm watching for price confirmation rather than entering without a clear signal.
đ„ , was that a genuine breakout or just another pump that could trap late buyers?
Risk management is essential. These levels are potential scenarios, not guaranteed outcomes.
# đ„ BIG PUMP, BUT IS A PULLBACK NEXT? đ»đ
After a massive rally, $RLC faced rejection near $0.98, making the short-term outlook more cautious. Price has already pulled back, and buyers are struggling to reclaim higher levels. đ
đ Bearish Setup I'm Watching:
đ Potential Entry Zone: $0.9100â$0.9500
đŻ TP1: $0.8900
đŻ TP2: $0.8700
đŻ TP3: $0.8513
đ Stop Loss (SL): $0.9880
đ» What Could Trigger More Downside?
If below $0.8900 and holds below it, selling pressure could increase toward $0.8700 and then $0.8513.
â ïž A recovery above $0.9512 could weaken this bearish scenario. I'm watching for price confirmation rather than entering without a clear signal.
đ„ , was that a genuine breakout or just another pump that could trap late buyers?
Risk management is essential. These levels are potential scenarios, not guaranteed outcomes.