#RLC — Rejection After Spike, Supply Still Active (Bearish Bias)
RLC printed a sharp upside spike into the 0.74–0.75 supply zone but failed to hold above the descending trendline, followed by an immediate rejection. The structure still shows lower highs and acceptance back below prior resistance, suggesting the move was a liquidity sweep rather than a confirmed reversal. Unless price reclaims and holds above the trendline, downside continuation remains favored.
Trade : Short
Entry Zone: 0.720 – 0.735
Targets:
TP1: 0.700
TP2: 0.685
TP3: 0.660
Stop Loss: 0.755
Bearish continuation stays valid while price remains below the 0.74–0.75 resistance band. A clean reclaim and hold above this zone would invalidate the short bias and signal a potential trend shift.
RLCUSDT
Perp
0.7148
+1.07%