⚠️ $RLC – Breakdown Confirmed! Retest or Further Fall? 📉
$RLC just slipped below the crucial $1.21 neckline of a Head & Shoulders pattern — a classic bearish signal now playing out!
After a powerful rally to $1.245, price reversed and broke the neckline, triggering downside pressure. It's now testing the demand zone near $1.17 — a must-hold level to avoid deeper drops.
Key Levels: • Resistance: $1.21 (neckline retest)
• Support Zone: $1.165 – $1.175
• Pattern: Head & Shoulders breakdown
Trade Setup:
• Entry: $1.175
• TP1: $1.150
• TP2: $1.120
• TP3: $1.080
• SL: $1.210
Watch for bounce signs or further breakdown — both setups are in play!
#RLC #CryptoBreakdown #BinanceTrading #HeadAndShoulders #Altcoins