$RLC’s best lesson today is not the 43% breakout. It is how quickly an extended move can give it back.
The morning framework confirmed with consecutive 15m closes above $0.7500, then price reached $1.0770. The afternoon continuation required a completed close above $1.0730 followed by a retest holding $1.0000. That never happened: the high touched $1.0770, but the candle closed at $1.0331.
At 15:30 Beirut, a $0.9064 close invalidated the structure below $0.9300. By 23:04, price was $0.7582—29.6% below the high and only 1.1% above the original trigger.
So the record is simple: the first confirmation worked, the second setup never triggered, and the invalidation did its job. None of that implies an executed trade.
Next event: Binance’s daily close at 03:00 Beirut. Holding $0.7500 preserves the breakout base; a close beneath the $0.7470–$0.7500 zone confirms the near-full round trip.
Earlier setup: https://app.binance.com/uni-qr/cpos/374348320672036?r=AD7JH6YT&l=en
Snapshot: 6 Oct, 23:04 Beirut. Binance spot, RLC/USDT.
#TradingLessons #RiskManagement
The morning framework confirmed with consecutive 15m closes above $0.7500, then price reached $1.0770. The afternoon continuation required a completed close above $1.0730 followed by a retest holding $1.0000. That never happened: the high touched $1.0770, but the candle closed at $1.0331.
At 15:30 Beirut, a $0.9064 close invalidated the structure below $0.9300. By 23:04, price was $0.7582—29.6% below the high and only 1.1% above the original trigger.
So the record is simple: the first confirmation worked, the second setup never triggered, and the invalidation did its job. None of that implies an executed trade.
Next event: Binance’s daily close at 03:00 Beirut. Holding $0.7500 preserves the breakout base; a close beneath the $0.7470–$0.7500 zone confirms the near-full round trip.
Earlier setup: https://app.binance.com/uni-qr/cpos/374348320672036?r=AD7JH6YT&l=en
Snapshot: 6 Oct, 23:04 Beirut. Binance spot, RLC/USDT.
#TradingLessons #RiskManagement
