$RLC just went absolutely parabolic with a massive +139% pump! But this chart is dangerously overextended. Do NOT chase this. 🛑🕯️
Entry: 🎯 0.7500 - 0.8500
SL: 🛑 0.6500
TP: 💰 TP1: 0.9434 | TP2: 1.0500
$RLC printed one of the most insane vertical pumps of the year, skyrocketing from 0.37 straight to 0.9434 in a single move (+139%) 📈. The price is currently miles above all moving averages (MA7 is at 0.49 while the price is at 0.90!). This is a textbook parabolic blow-off risk. Chasing a green candle this massive on a Perp is basically gambling. I'm waiting for a violent correction and consolidation before looking for an entry. If it loses 0.65, this whole pump is a fakeout.
Am I wrong? Tell me below 👇
Entry: 🎯 0.7500 - 0.8500
SL: 🛑 0.6500
TP: 💰 TP1: 0.9434 | TP2: 1.0500
$RLC printed one of the most insane vertical pumps of the year, skyrocketing from 0.37 straight to 0.9434 in a single move (+139%) 📈. The price is currently miles above all moving averages (MA7 is at 0.49 while the price is at 0.90!). This is a textbook parabolic blow-off risk. Chasing a green candle this massive on a Perp is basically gambling. I'm waiting for a violent correction and consolidation before looking for an entry. If it loses 0.65, this whole pump is a fakeout.
Am I wrong? Tell me below 👇
