📊 $RPL 15m analysis 📊
I anticipate a downward push, with price likely sliding into the 7.06 – 6.99 demand area, where a reaction is expected. If a solid bullish reversal signal forms here (such as a pin bar, engulfing pattern, or double bottom on lower timeframes), a potential long trade can be initiated with targets set at 7.12, 7.19, and 7.25.
On the flip side, for a short setup, price would need to spike quickly into the 7.19 – 7.25 resistance zone, face a strong rejection, and then confirm a bearish structure on lower timeframes. If this plays out, the downside targets become 7.12 first, then 7.06, and finally 6.99.
Risk management:
For longs, stops should be placed just under 6.99 (swing low).
For shorts, stops belong just above 7.25 (swing high).
If buyers manage to drive the market decisively above 7.25, the bearish setup is invalidated, shifting the bias toward further upside and fresh long opportunities.