$RLC / USDT โ Long Opportunity Spotted ๐
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๐ Market Snapshot
Current Price: $1.17
Trend: Short-term bullish reclaim after local liquidity sweep
Support Zones: $1.145, $1.12
Resistance Zones: $1.20, $1.24
Market Structure Insight:
Price dipped under a short-term support at $1.15 and quickly reclaimed โ signaling seller exhaustion. The move also tagged a rising trendline and bounced off it with volume, a classic reclaim pattern in play.
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๐ฏ Entry Zone:
$1.15 โ $1.17
(Perfect retest zone after liquidity sweep)
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โ Profit Targets:
TP1: $1.198 (+2.1%)
First resistance with historical wick zone โ high likelihood of hit
TP2: $1.226 (+4.5%)
Breakout level from last week's range high
TP3: $1.256 (+7.0%)
Extended move target near macro descending line
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๐ป Stop Loss:
$1.08
(Below the liquidity sweep zone, protects from deeper breakdown)
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๐ Pro Tip:
If you're entering on reclaim patterns, always watch for confirmation candles (e.g. bullish engulfing or strong volume candle) โ they filter out fakeouts and improve success rate!
---โ Buy and Trade here on $RLC
