$RLC is up 22.1 percent today and I am not touching it
The daily volume spiked to 49.9M dollars which is 2.4x the weekly average
Price sits at 33 percent of the 24h range after peaking at 1.4880 and dropping back
The 1h ATR is 9.5 percent so normal noise will hunt any tight stop you set right now
I need an hourly close above 1.4880 to show real strength before entering
Otherwise a deep pullback that holds the 0.83400 swing low to form a base
It could keep running without you and a bad entry costs more than a missed move
Chasing $RLC here or waiting for 0.83400
#RLC #RiskManagement
The daily volume spiked to 49.9M dollars which is 2.4x the weekly average
Price sits at 33 percent of the 24h range after peaking at 1.4880 and dropping back
The 1h ATR is 9.5 percent so normal noise will hunt any tight stop you set right now
I need an hourly close above 1.4880 to show real strength before entering
Otherwise a deep pullback that holds the 0.83400 swing low to form a base
It could keep running without you and a bad entry costs more than a missed move
Chasing $RLC here or waiting for 0.83400
#RLC #RiskManagement