The hardest rallies to read are the ones nobody can explain.
$RLC is up about 71% today and roughly 180% on the week, per CoinGecko. I could not find an official iExec announcement that matches the timing, and outlets covering the move point to leveraged buying and extreme overbought readings rather than a product launch.
My view: that does not mean the move is fake, but it changes the risk. With 24h volume near twice the market cap, the same fast money that pushed it up can leave just as fast. Position sizing matters far more than the story here.
💬 Do you chase moves like this, or wait for a reason to show up?
#iExec #Altcoins
$RLC is up about 71% today and roughly 180% on the week, per CoinGecko. I could not find an official iExec announcement that matches the timing, and outlets covering the move point to leveraged buying and extreme overbought readings rather than a product launch.
My view: that does not mean the move is fake, but it changes the risk. With 24h volume near twice the market cap, the same fast money that pushed it up can leave just as fast. Position sizing matters far more than the story here.
💬 Do you chase moves like this, or wait for a reason to show up?
#iExec #Altcoins