What’s really happening behind the $RLC move?
$RLC has already pumped around 90%, but shorts are still getting liquidated.The latest liquidation data shows multiple $10K+ short liquidations, including a $39.67K liquidation. Several other shorts around $10K -$16K have also been wiped out.
So ask yourself: do you really think $RLC will stop here and start dropping without liquidating more big shorts?My answer is no. I think the market could try to squeeze more shorts first.
NFA.DYOR
$RLC has already pumped around 90%, but shorts are still getting liquidated.The latest liquidation data shows multiple $10K+ short liquidations, including a $39.67K liquidation. Several other shorts around $10K -$16K have also been wiped out.
So ask yourself: do you really think $RLC will stop here and start dropping without liquidating more big shorts?My answer is no. I think the market could try to squeeze more shorts first.
NFA.DYOR
