$RLC /USDT – Short Trade Setup
iExec RLC is trading at $1.000, up +2.04% on the session. After a sharp upward move, the price has faced rejection near the $1.05–$1.06 zone and is now retracing lower. The recent rejection candle highlights selling pressure, suggesting bears are attempting to regain control. If the $1.00 support gives way, further downside movement could follow.
Trade Setup
Entry: $1.000
Target 1: $0.980
Target 2: $0.960
Target 3: $0.942
Stop-Loss: $1.019
Risk Management
Risk only 3–5% of portfolio per trade. Once the first target is achieved, shift stop-loss to entry level to secure capital while riding the trend.
Pro Tip
Watch the $0.980 level — sustained weakness below it could accelerate momentum toward deeper downside zones.
