$RPL IS BOUNCING FROM KEY SUPPORT — WEDGE BREAKOUT IN PLAY 🔥
The falling wedge on RPL is compressing price toward the apex, and we're seeing a clean rejection off the support trendline. Volume is climbing on the 1H chart, suggesting institutional accumulation at these lows.
The 21MA sits just overhead as the first hurdle. A close above both the moving average and wedge resistance would confirm the structural shift and likely trigger a wave of short covering.
Are you watching this wedge for a breakout or waiting for a retest of the lower trendline?
Not financial advice. Always manage your risk.
#RPL #FallingWedge #BreakoutSetup #Crypto
🔥
The falling wedge on RPL is compressing price toward the apex, and we're seeing a clean rejection off the support trendline. Volume is climbing on the 1H chart, suggesting institutional accumulation at these lows.
The 21MA sits just overhead as the first hurdle. A close above both the moving average and wedge resistance would confirm the structural shift and likely trigger a wave of short covering.
Are you watching this wedge for a breakout or waiting for a retest of the lower trendline?
Not financial advice. Always manage your risk.
#RPL #FallingWedge #BreakoutSetup #Crypto
🔥