$RLS USDT BEARISH TECHNICAL ANALYSIS NEXT MARKET MOVE
$RLS USDT is currently exhibiting a bearish bias after failing to maintain momentum near recent highs. Price continues to form lower highs and lower lows, indicating that sellers are still in control. Short-term pullbacks toward resistance are likely to face rejection, maintaining the downward pressure.
The market structure suggests further downside toward key support levels, with any consolidation likely acting as a pause before continuation of the bearish trend. Traders should focus on aligning with the dominant market sentiment rather than counter-trend entries.
Key Levels & Trade Setup:
Resistance Zone: 0.0120 – 0.0123
Targets (TP):
TP1: 0.0108
TP2: 0.0103
TP3: 0.0098
Stop Loss (SL):
Above 0.0135 (daily close basis)
Risk Management:
Maintain disciplined position sizing, risk only a small portion of capital per trade, and move stop loss to breakeven once partial targets are reached.
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