RLC is battling below the 0.0350 handle, price slipping into the bearish zone after a sharp break of the recent swing high.
🔴 $RLC SHORT 📉 — Trade Plan
• Entry: $0.920379 – $0.922221
• Stop: $0.948939 (-3.0%)
• Target 1: $0.907481 (+1.5%)
• Target 2: $0.875235 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The market structure turned lower with a clear CHoCH, while the CVD turned negative confirming sell pressure. A fresh FVG aligns with the OB at 0.0342, and a liquidity sweep erased the last long stop, creating a tight POI confluence.
A 3.0% stop is relatively tight for a short, so keep leverage around 3-5x to stay safe.
Take half profit around the first target near 0.0325 as the price approaches the next minor resistance.
As always: manage your risk, this is not financial advice 🙏
$RLC #RLCUSDT #xrpledgerpatchesxrpcreationbug #TradingSignals #Write2Earn
🔴 $RLC SHORT 📉 — Trade Plan
• Entry: $0.920379 – $0.922221
• Stop: $0.948939 (-3.0%)
• Target 1: $0.907481 (+1.5%)
• Target 2: $0.875235 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The market structure turned lower with a clear CHoCH, while the CVD turned negative confirming sell pressure. A fresh FVG aligns with the OB at 0.0342, and a liquidity sweep erased the last long stop, creating a tight POI confluence.
A 3.0% stop is relatively tight for a short, so keep leverage around 3-5x to stay safe.
Take half profit around the first target near 0.0325 as the price approaches the next minor resistance.
As always: manage your risk, this is not financial advice 🙏
$RLC #RLCUSDT #xrpledgerpatchesxrpcreationbug #TradingSignals #Write2Earn