RLC is sliding beneath the 1.00 mark as sellers dominate, and the market is eyeing the 0.92-0.94 band for the next swing.
š“ $RLC SHORT š
Entry $0.450749-$0.451651 | SL $0.464736 (-3.0%) | TP1 $0.444432 (+1.5%) | TP2 $0.428640 (+5.0%) | R/R 1:1.7 | Conf 64%
The latest CHoCH broke the bullish swing and the CVD turned sharply negative, confirming the shift. A fresh FVG sits right above the broken order block, creating a POI where the OB and FVG overlap, while a liquidity sweep erased the last buy stop. All signs point to a short bias with a 1:1.7 reward-to-risk.
A 3% stop is relatively tight on a volatile coin, so keep leverage around 5-7Ć to stay safe.
Consider taking half profit once price hits the first target around 0.86.
As always: manage your risk, this is not financial advice š
$RLC #RLCUSDT #THORChain #TradingSignals #Write2Earn
š“ $RLC SHORT š
Entry $0.450749-$0.451651 | SL $0.464736 (-3.0%) | TP1 $0.444432 (+1.5%) | TP2 $0.428640 (+5.0%) | R/R 1:1.7 | Conf 64%
The latest CHoCH broke the bullish swing and the CVD turned sharply negative, confirming the shift. A fresh FVG sits right above the broken order block, creating a POI where the OB and FVG overlap, while a liquidity sweep erased the last buy stop. All signs point to a short bias with a 1:1.7 reward-to-risk.
A 3% stop is relatively tight on a volatile coin, so keep leverage around 5-7Ć to stay safe.
Consider taking half profit once price hits the first target around 0.86.
As always: manage your risk, this is not financial advice š
$RLC #RLCUSDT #THORChain #TradingSignals #Write2Earn