RLCSHORT

$RLC | 1H ANALYSIS 📊
Currently, a clear downtrend is continuing. I expect the price to dip to 0.932 and 0.922 levels, and if a quick reversal occurs after a liquidity hunt here, a short-term long opportunity may arise. However, if these levels are strongly broken downwards, the decline may continue to 0.887.
- If we see a manipulation below 0.932 (for example, a spike followed by a strong recovery candle), a long position can be attempted with a close above 0.936, with the first target at 0.970 and the second target at 0.988.
- For a short position, I expect the price to rise above 0.970 or higher and give a weak reversal formation here; from there, a short can be opened for another downward movement, targeting again 0.932 and 0.922.
- My expectation for now is that the decline will continue in the short term, but if a strong reversal signal comes in the range of 0.932 and 0.922, a short-term long opportuni...
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