๐จ COULD $RLC BE THE NEXT BIG RUNNER? ๐
Yesterday, I mentioned that $RLC looked more likely to fall, but it was also in a difficult situation after staying quiet for a long time.
So, what changed?
๐ Funding rate dropped significantly overnight, which could reduce selling pressure and increase the possibility of an upside move.
๐ป At the same time, accumulated short positions remain relatively high for a coin like $RLC . If buyers take control, those shorts could potentially fuel another sharp move.
๐ The results are already interesting:
๐ฅ +150% in a single day
๐ฅ More than 3X in the last 2 days
Despite this move, $RLC still has a relatively small market cap compared with many larger crypto assets.
๐ My approach: Iโm not chasing the pump. Iโd rather wait for a clear market structure to form before considering an entry.
Could it become the next runner? ๐
โ ๏ธ DYOR and manage your risk. Nothing is guaranteed in crypto.
#RLC #iExec #Crypto #Altcoins #CryptoTrading #Bullish #CryptoMarket #DYOR
Yesterday, I mentioned that $RLC looked more likely to fall, but it was also in a difficult situation after staying quiet for a long time.
So, what changed?
๐ Funding rate dropped significantly overnight, which could reduce selling pressure and increase the possibility of an upside move.
๐ป At the same time, accumulated short positions remain relatively high for a coin like $RLC . If buyers take control, those shorts could potentially fuel another sharp move.
๐ The results are already interesting:
๐ฅ +150% in a single day
๐ฅ More than 3X in the last 2 days
Despite this move, $RLC still has a relatively small market cap compared with many larger crypto assets.
๐ My approach: Iโm not chasing the pump. Iโd rather wait for a clear market structure to form before considering an entry.
Could it become the next runner? ๐
โ ๏ธ DYOR and manage your risk. Nothing is guaranteed in crypto.
#RLC #iExec #Crypto #Altcoins #CryptoTrading #Bullish #CryptoMarket #DYOR
