$RLC
# ๐ฅ BIG PUMP, BUT IS A PULLBACK NEXT? ๐ป๐
After a massive rally, $RLC faced rejection near $0.98, making the short-term outlook more cautious. Price has already pulled back, and buyers are struggling to reclaim higher levels. ๐
๐ Bearish Setup I'm Watching:
๐ Potential Entry Zone: $0.9100โ$0.9500
๐ฏ TP1: $0.8900
๐ฏ TP2: $0.8700
๐ฏ TP3: $0.8513
๐ Stop Loss (SL): $0.9880
๐ป What Could Trigger More Downside?
If below $0.8900 and holds below it, selling pressure could increase toward $0.8700 and then $0.8513.
โ ๏ธ A recovery above $0.9512 could weaken this bearish scenario. I'm watching for price confirmation rather than entering without a clear signal.
๐ฅ , was that a genuine breakout or just another pump that could trap late buyers?
Risk management is essential. These levels are potential scenarios, not guaranteed outcomes.
# ๐ฅ BIG PUMP, BUT IS A PULLBACK NEXT? ๐ป๐
After a massive rally, $RLC faced rejection near $0.98, making the short-term outlook more cautious. Price has already pulled back, and buyers are struggling to reclaim higher levels. ๐
๐ Bearish Setup I'm Watching:
๐ Potential Entry Zone: $0.9100โ$0.9500
๐ฏ TP1: $0.8900
๐ฏ TP2: $0.8700
๐ฏ TP3: $0.8513
๐ Stop Loss (SL): $0.9880
๐ป What Could Trigger More Downside?
If below $0.8900 and holds below it, selling pressure could increase toward $0.8700 and then $0.8513.
โ ๏ธ A recovery above $0.9512 could weaken this bearish scenario. I'm watching for price confirmation rather than entering without a clear signal.
๐ฅ , was that a genuine breakout or just another pump that could trap late buyers?
Risk management is essential. These levels are potential scenarios, not guaranteed outcomes.