🚨 Before you short $RLC , take a look at what is happening.
$RLC already pumped more than 100% in less than 24 hours. So many people are now thinking, “It must dump soon.”
But that is what makes me careful.
I’m seeing many people calling for a short right now. Most are looking at the same pump and trying to catch the top.
But when I checked the on-chain activity, I did not see much weakness. Buying is still strong, while many traders are opening shorts.
This can become risky.
I have seen this before. Everyone shorts the top, but price keeps going higher. Then shorts start getting liquidated, and the move becomes even stronger.
So if $RLC reaches $1 or even higher in the next few hours, I won’t be surprised.
I’m not saying to blindly long it. Just don’t short only because everyone is saying SHORT.
Be careful and DYOR.
$RLC already pumped more than 100% in less than 24 hours. So many people are now thinking, “It must dump soon.”
But that is what makes me careful.
I’m seeing many people calling for a short right now. Most are looking at the same pump and trying to catch the top.
But when I checked the on-chain activity, I did not see much weakness. Buying is still strong, while many traders are opening shorts.
This can become risky.
I have seen this before. Everyone shorts the top, but price keeps going higher. Then shorts start getting liquidated, and the move becomes even stronger.
So if $RLC reaches $1 or even higher in the next few hours, I won’t be surprised.
I’m not saying to blindly long it. Just don’t short only because everyone is saying SHORT.
Be careful and DYOR.
