$RLC Technical Analysis
Current area: around $0.64โ$0.70
24h high: ~$0.73
24h low: ~$0.36
$RLC has jumped roughly 80โ90% in 24 hours, with a massive volume increase. ๏ฟฝ
CoinMarketCap +1
Previous daily resistance around $0.38โ$0.39 has been completely broken. ๏ฟฝ
ChartExchange
๐ด Important resistance
$0.70โ$0.73 โ major immediate resistance.
If price gets a 4H candle close above $0.73 with strong volume, the next potential zones are approximately:
$0.78 โ $0.85 โ $0.95โ$1.00
๐ข Support zones
$0.60โ$0.62 โ first support
$0.55โ$0.58 โ stronger support
$0.48โ$0.52 โ deeper pullback zone
$0.38โ$0.40 โ major previous breakout area
โ ๏ธ My trading view
Because
$RLC has already made an enormous move, I would NOT chase a market BUY around $0.70+.
Better LONG setup:
Entry: $0.58โ$0.63 after bullish confirmation
SL: below $0.54
TP1: $0.70
TP2: $0.78
TP3: $0.85โ$0.95
Breakout setup:
Wait for 4H close above $0.73
Then retest/hold $0.70โ$0.72
LONG toward $0.78โ$0.85
SHORT: Only consider if RLC gets rejected strongly around $0.70โ$0.73 and then loses $0.60 with volume.
#RLCSHORT #rlcusdt #rlctothemoon #RLCSetup #rlctothemoon