$RLC is testing stability after a sharp 13.27% daily pullback.
Volume currently sits at 0.65x the 23-hour average, suggesting a cooling in selling pressure near the $0.9814 level. A move back above the 23-hour high of $1.1985 would suggest renewed momentum, whereas a sustained drop below the 23-hour low of $0.9075 invalidates the current consolidation thesis.
If volume remains low, are you looking for a reclaim of the recent high, or is the risk of retesting the $0.9075 floor too high for your current strategy? 📉
Tap $RLC for the live chart. #RLC #BinanceSquare
Volume currently sits at 0.65x the 23-hour average, suggesting a cooling in selling pressure near the $0.9814 level. A move back above the 23-hour high of $1.1985 would suggest renewed momentum, whereas a sustained drop below the 23-hour low of $0.9075 invalidates the current consolidation thesis.
If volume remains low, are you looking for a reclaim of the recent high, or is the risk of retesting the $0.9075 floor too high for your current strategy? 📉
Tap $RLC for the live chart. #RLC #BinanceSquare