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RLC

RLC going goodPrice was consolidating below a descending trendline (blue). It has now broken above it with momentum, suggesting a bullish breakout. • Entry Zone: Current price is around 1.3480 USDT after reclaiming the breakout area. The long entry zone starts above this breakout. • Stop-Loss Zone (Red Area): Placed below 1.3100 – 1.2500 USDT, with deeper support around 1.1770. This covers previous consolidation lows, protecting against false breakouts. • Target Zone (Green Area): The first target is around 1.4085 USDT (near resistance). The major target is 1.6296 USDT, extending up toward 1.72 USDT (previous highs). • Risk-to-Reward (RR): The setup looks to be a high RR trade, aiming for more than 2–3x reward compared to the risk zone. • Indicators: Short EMA (yellow) has crossed above the longer MA (blue), confirming bullish momentum. Volume has also picked up on the breakout, which strengthens the setup. 👉 Overall: This is a bullish breakout trade with stop-loss protection below recent supports and upside targets toward 1.62–1.72 if momentum continues.
Long
by The_Mosess
2
RLC BullishRLC/USDT – 4H Bullish Outlook RLC has broken out of the descending trendline and is showing early signs of strength. Price is currently consolidating just above the breakout zone, holding support around 1.23 – 1.25. 📊 Key Levels: • Support: 1.23 – 1.25, 1.17 • Resistance: 1.31, 1.33, 1.41 • Target Zone: 1.62 – 1.72 🔥 Bullish Scenario: As long as price sustains above 1.23 – 1.25, buyers may continue pushing higher. A breakout above 1.31 resistance would confirm further bullish momentum, opening the way toward 1.62 – 1.72. 📉 Invalidation: If price falls below 1.17, this bullish setup becomes invalid.
Long
by The_Mosess
RLC: 📈 Watch for potential opportunities.💎 Paradisers, #RLC is exhibiting a bullish market structure and might gather liquidity before reaching the bullish Order Block (OB). 💎If #RLCUSDT displays a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish OB, we can anticipate a bounce from that point. 💎Should the bullish OB break down without any CHoCH or BOS, a bounce from the demand area might be expected, but we'll need confirmation before proceeding. 💎If the price breaks down both of these levels without any confirmation, it would be prudent to overlook #RLC for the time being.
by MyCryptoParadise_Nathan