🚨 $RLC HAS BROKEN ITS H1 STRUCTURE. WAIT FOR A BOUNCE—DON’T CHASE THE DROP.
RLCUSDT Futures last closed at $0.7659 (6 Oct, 18:59 UTC).
Three clues favor sellers:
1️⃣ The $0.8198 H1 close broke $0.8456, confirming bearish CHoCH.
2️⃣ The rally peaked at $1.0780; the rebound stalled at $0.9388 before another sell-off.
3️⃣ The peak rejection candle carried 1.57× the prior 20-hour average volume. The latest recovery printed only 0.32×.
Wyckoff: a potential post-rally reversal, but no stable H1 trading range confirms distribution.
SMC: bearish displacement and an unfilled imbalance at $0.7895–$0.7941 support the bearish structure.
🔴 BEARISH BIAS — NO ENTRY YET
Conditional SHORT watch:
• Trigger: H1 close below $0.8456 — confirmed.
• Entry: $0.9900–$1.0224, near the rejection origin.
• Require a fresh failed retest and closed H1 rejection; touching the zone is not enough.
• SL: $1.0850, above the $1.0780 strong high.
• TP1: $0.8456.
• TP2: $0.7473, the older demand boundary.
From the $1.0062 entry midpoint, theoretical R:R is 2.04:1 to TP1 and 3.29:1 to TP2, before fees and slippage.
Price is far below entry and near older demand. No qualifying retest has appeared in the planned zone. If the bounce never reaches it, skip the trade.
An H1 close above $1.0780 invalidates the bearish thesis.
No early entry. No Shorting into demand. Let sellers prove the bounce is failing.
Will a bounce into $0.9900–$1.0224 bring sellers back? 👇
$RLC #Wyckoff #SMC
Paper analysis only. Not financial advice.
RLCUSDT Futures last closed at $0.7659 (6 Oct, 18:59 UTC).
Three clues favor sellers:
1️⃣ The $0.8198 H1 close broke $0.8456, confirming bearish CHoCH.
2️⃣ The rally peaked at $1.0780; the rebound stalled at $0.9388 before another sell-off.
3️⃣ The peak rejection candle carried 1.57× the prior 20-hour average volume. The latest recovery printed only 0.32×.
Wyckoff: a potential post-rally reversal, but no stable H1 trading range confirms distribution.
SMC: bearish displacement and an unfilled imbalance at $0.7895–$0.7941 support the bearish structure.
🔴 BEARISH BIAS — NO ENTRY YET
Conditional SHORT watch:
• Trigger: H1 close below $0.8456 — confirmed.
• Entry: $0.9900–$1.0224, near the rejection origin.
• Require a fresh failed retest and closed H1 rejection; touching the zone is not enough.
• SL: $1.0850, above the $1.0780 strong high.
• TP1: $0.8456.
• TP2: $0.7473, the older demand boundary.
From the $1.0062 entry midpoint, theoretical R:R is 2.04:1 to TP1 and 3.29:1 to TP2, before fees and slippage.
Price is far below entry and near older demand. No qualifying retest has appeared in the planned zone. If the bounce never reaches it, skip the trade.
An H1 close above $1.0780 invalidates the bearish thesis.
No early entry. No Shorting into demand. Let sellers prove the bounce is failing.
Will a bounce into $0.9900–$1.0224 bring sellers back? 👇
$RLC #Wyckoff #SMC
Paper analysis only. Not financial advice.
