$RLS is holding near 0.0166 after a heavy intraday fall. The drop toward 0.01626 showed strong selling pressure but the quick rebound proved buyers were still trying to defend the zone.

Right now the candles are small and tight which tells me the market is cooling down before its next move. If this support holds we can see a sharp reaction upward just like earlier.

If it breaks then the chart may explore a new lower area.

The setup looks calm on the surface but the energy is still there.

$RLS feels like it’s preparing for its next move and this level will decide the direction.

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