OversoldZone

$RLC – SETTING UP FOR A POTENTIAL BOUNCE BACK

$RLC USDT is trading at $1.24 (-4.31%), after rejecting the $1.226 intraday low. The price is sitting near the MA(99) at $1.234, indicating a possible support zone for a short-term recovery. Despite recent selling, the market may be gearing up for a bounce.

TRADE SETUP – MEAN REVERSION PLAY

Entry: $1.23 – $1.25

TP1: $1.26

TP2: $1.28

TP3: $1.31

Stop-Loss: $1.22

Outlook: Price is oversold near key support with declining volume. A reclaim of MA(7) at $1.259 could trigger a short squeeze and drive a move toward MA(25) at $1.289.

PRO TIP: Watch for bullish divergence on lower timeframes and a 15m close above $1.26 with volume for early confirmation.

— #RLC #CryptoSetup #BouncePlay #OversoldZone #AltcoinWatch

$VELODROME (Current: $0.1899, Change: -4.28%)


Market Analysis: Downtrend continues. Potential for further losses if support breaks.

Strategy: Avoid buying now. Wait for trend reversal or significant support levels around $0.18.

Watch for oversold conditions on the MACD and RSI.

#Velodrome #Downtrend #OversoldZone