RLC did exactly what a confirmation framework is supposed to reveal—then moved too far to chase blindly.
This morning, $RLC briefly wicked to $0.6874 but never closed a 15m candle below $0.6900. At 07:45 and 08:00 Beirut, it printed consecutive closes at $0.7518 and $0.7876, satisfying the above-$0.7500 confirmation from the earlier map. By 14:05, price had reached $1.0730—42.7% above the first confirming close—before snapshotting at $1.0525.
That validates the signal, not any claim of an executed trade. It also changes the risk: the market is now extended.
Hypothetical continuation: a completed 15m close above $1.0730, then a retest holding $1.0000. A close below $0.9300 would invalidate that structure. Without the retest, patience beats treating +116.7% in 24h as an entry signal.
Earlier map: https://app.binance.com/uni-qr/cpos/374245113143649?r=AD7JH6YT&l=en
Snapshot: 6 Oct, 14:05 Beirut. Binance spot, RLC/USDT.
#TradingPlan #RiskManagement
This morning, $RLC briefly wicked to $0.6874 but never closed a 15m candle below $0.6900. At 07:45 and 08:00 Beirut, it printed consecutive closes at $0.7518 and $0.7876, satisfying the above-$0.7500 confirmation from the earlier map. By 14:05, price had reached $1.0730—42.7% above the first confirming close—before snapshotting at $1.0525.
That validates the signal, not any claim of an executed trade. It also changes the risk: the market is now extended.
Hypothetical continuation: a completed 15m close above $1.0730, then a retest holding $1.0000. A close below $0.9300 would invalidate that structure. Without the retest, patience beats treating +116.7% in 24h as an entry signal.
Earlier map: https://app.binance.com/uni-qr/cpos/374245113143649?r=AD7JH6YT&l=en
Snapshot: 6 Oct, 14:05 Beirut. Binance spot, RLC/USDT.
#TradingPlan #RiskManagement
