$RLC / USDT – Leveraged Longs Come Under Pressure
RLC recorded a $1.7762K long liquidation at $0.5322. This indicates that some leveraged bullish traders were forced out, potentially adding downward pressure. Buyers need to regain control of nearby price levels before a sustained recovery becomes more convincing.
Potential Entry Zone: $0.528–$0.534
Upside Targets: $0.538 / $0.545
Downside Targets: $0.525 / $0.518
Protective Stop-Loss: Below $0.524 for a long setup
Short-Term Bias: Neutral to bearish
A recovery above $0.534 could indicate renewed demand. If RLC loses support, further weakness remains possible.
#BinancePick
#EarningsSeason
#SouthKoreaDelaysCryptoIncomeTax
#DowDrops653Points
RLC recorded a $1.7762K long liquidation at $0.5322. This indicates that some leveraged bullish traders were forced out, potentially adding downward pressure. Buyers need to regain control of nearby price levels before a sustained recovery becomes more convincing.
Potential Entry Zone: $0.528–$0.534
Upside Targets: $0.538 / $0.545
Downside Targets: $0.525 / $0.518
Protective Stop-Loss: Below $0.524 for a long setup
Short-Term Bias: Neutral to bearish
A recovery above $0.534 could indicate renewed demand. If RLC loses support, further weakness remains possible.
#BinancePick
#EarningsSeason
#SouthKoreaDelaysCryptoIncomeTax
#DowDrops653Points