$RLC is approaching a key resistance zone, and a bearish rejection could open the door for a move toward lower support levels. I’m watching this range for a potential short setup, but confirmation from price action remains important.
$RLC SHORT SETUP
Entry: $1.05–$1.25
SL: $1.29
TP1: $0.95 TP2: $0.87 TP3: $0.80
The bearish scenario remains valid while price struggles below the $1.29 invalidation level. If buyers reclaim this zone with strong momentum, reassess the setup instead of forcing the trade.
Manage your position size carefully and avoid chasing sudden price movements.
DYOR (Do Your Own Research). Educational only, not financial advice.
$RLC SHORT SETUP
Entry: $1.05–$1.25
SL: $1.29
TP1: $0.95 TP2: $0.87 TP3: $0.80
The bearish scenario remains valid while price struggles below the $1.29 invalidation level. If buyers reclaim this zone with strong momentum, reassess the setup instead of forcing the trade.
Manage your position size carefully and avoid chasing sudden price movements.
DYOR (Do Your Own Research). Educational only, not financial advice.