$RLC UNDER PRESSURE – BEARS MAY TAKE CONTROL!
$RLC is trading below all key moving averages (MA7, MA25, MA99), indicating clear weakness. Failed to reclaim $1.20 resistance, and buying volume is drying up. Breakdown likely if $1.17 doesn’t hold.
Short Setup – Breakdown Scenario
• Entry Zone: $1.175 – $1.185
• Target 1 (TP1): $1.136
• Target 2 (TP2): $1.098
• Stop-Loss (SL): Above $1.213
Pro Tip:
If $1.17 support fails, selling could accelerate rapidly. Low volume bounce = short opportunity.
