$RLC C just won't stop.
Up 54.10% today, trading at 1.1784 after
tapping a high of 1.4880. RSI(6) sitting at
88.84, deep overbought, the kind of
reading that usually means the move is
stretched thin, not confirmed strong.
Look at the pattern already playing out on
this chart. It ran from 0.33 to 1.4880, then
immediately rejected hard off that top, a
wick that long means sellers showed up
fast once price got there. This isn't the first
time either, the same spike and reject
happened earlier in the week before it
based and ran again.
Zoom out and the number still look
unstoppable, up 224.81% this week,
285.98% this month. But today alone it's
already pulled back from 1.4880 to 1.1784,
nearly 21% off the high in hours. That's not
weakness, that's just what parabolic
moves do, they don't go straight up
forever.
#SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #SenBlumenthalProbesCantorFitzgeraldTetherTies #IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause
Up 54.10% today, trading at 1.1784 after
tapping a high of 1.4880. RSI(6) sitting at
88.84, deep overbought, the kind of
reading that usually means the move is
stretched thin, not confirmed strong.
Look at the pattern already playing out on
this chart. It ran from 0.33 to 1.4880, then
immediately rejected hard off that top, a
wick that long means sellers showed up
fast once price got there. This isn't the first
time either, the same spike and reject
happened earlier in the week before it
based and ran again.
Zoom out and the number still look
unstoppable, up 224.81% this week,
285.98% this month. But today alone it's
already pulled back from 1.4880 to 1.1784,
nearly 21% off the high in hours. That's not
weakness, that's just what parabolic
moves do, they don't go straight up
forever.
#SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #SenBlumenthalProbesCantorFitzgeraldTetherTies #IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause