🚨 Bears are hammering $RLC as price dumps hard toward the $0.9408 low, bleeding -11.85% on massive volume exhaustion!
$RLC - SHORT · Conf 88%
Trade Plan
Entry: $0.9500 – $0.9700
Stop Loss (SL): $1.0150
Take Profit 1 (TP1): $0.9100
Take Profit 2 (TP2): $0.8500
Take Profit 3 (TP3): $0.7800
Why this setup?
Price action is failing hard on the 1h timeframe, failing to sustain any relief rally after tagging the $1.4887 local peak earlier in the cycle.
The Parabolic SAR is locked high overhead around $1.1496, acting as an unyielding ceiling and downside pressure magnet.
Lower timeframes show consistent lower highs and zero buyer defense at the local support shelf, pointing straight toward a deeper liquidity sweep below $0.94.
Risk is strictly managed above immediate structural resistance.
Debate
Are you slamming this breakdown short right now, or waiting for a dead-cat bounce? 💬
Hazel Trades 🌸
#XRPLedgerPatchesXRPCreationBug #STRKRisesAbout20%In24Hours
$RLC - SHORT · Conf 88%
Trade Plan
Entry: $0.9500 – $0.9700
Stop Loss (SL): $1.0150
Take Profit 1 (TP1): $0.9100
Take Profit 2 (TP2): $0.8500
Take Profit 3 (TP3): $0.7800
Why this setup?
Price action is failing hard on the 1h timeframe, failing to sustain any relief rally after tagging the $1.4887 local peak earlier in the cycle.
The Parabolic SAR is locked high overhead around $1.1496, acting as an unyielding ceiling and downside pressure magnet.
Lower timeframes show consistent lower highs and zero buyer defense at the local support shelf, pointing straight toward a deeper liquidity sweep below $0.94.
Risk is strictly managed above immediate structural resistance.
Debate
Are you slamming this breakdown short right now, or waiting for a dead-cat bounce? 💬
Hazel Trades 🌸
#XRPLedgerPatchesXRPCreationBug #STRKRisesAbout20%In24Hours