$RLC /USDT — Relief bounce into EMA resistance (Bearish bias)
Short $RLC
Entry: 0.398 – 0.405
SL: 0.417
TP1: 0.382
TP2: 0.368
TP3: 0.350
Analysis (deep but concise):
Price is trading below EMA25 & EMA99 on 1H, keeping the broader structure weak. The recent bounce looks corrective after a sharp selloff and is now testing the dynamic resistance cluster around 0.40–0.405. Weak follow-through and mixed volume suggest buyers lack strength. RSI remains under mid-zone, showing momentum is not supportive of a sustained reversal. If price fails to reclaim and hold above EMA99, downside continuation toward liquidity below 0.38 is likely. trade here 👇
$RLC
#JaneStreet10AMDump #MarketRebound #STBinancePreTGE #AxiomMisconductInvestigation #NVDATopsEarnings
Short $RLC
Entry: 0.398 – 0.405
SL: 0.417
TP1: 0.382
TP2: 0.368
TP3: 0.350
Analysis (deep but concise):
Price is trading below EMA25 & EMA99 on 1H, keeping the broader structure weak. The recent bounce looks corrective after a sharp selloff and is now testing the dynamic resistance cluster around 0.40–0.405. Weak follow-through and mixed volume suggest buyers lack strength. RSI remains under mid-zone, showing momentum is not supportive of a sustained reversal. If price fails to reclaim and hold above EMA99, downside continuation toward liquidity below 0.38 is likely. trade here 👇
$RLC
#JaneStreet10AMDump #MarketRebound #STBinancePreTGE #AxiomMisconductInvestigation #NVDATopsEarnings