$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.
