1. Summary

$RLC just recorded a strong breakout/short-squeeze up to ~1.85 but the 1H momentum is too hot (high RSI, volume spike); a retest/volume confirmation is needed to trust in the continuation of the trend. • Current price is ~1.59.

2. Analysis

Price bounced from around ~0.92 to 1.85 in a surge; the short MA has been surpassed, while the MA99 has not yet appeared in the latest price action — the structure is a spike according to momentum without an accumulation base. RSI(1H) is very high (~80+) — warning of overbought conditions; the sudden increase in volume indicates strong momentum but could also lead to distribution when the news 'exhausts'. Fundamentally, iExec has supporting narratives (buyback, tokenomics updates, partnerships) that help the bullish story but also cause the price to react sharply when speculative capital flows in/out.

3. Strategy

  • Entry (conservative): wait for a retest of 1.05–1.15 (accumulation zone/old resistance → support). Enter when a 1H candle closes above this area with slightly increased volume.

  • Entry (aggressive/fade spike): if you want to participate early, only consider buying when the price drops to 1.30–1.40 with confirmation of a downward wick and a closing rebound candle (high risk).

  • Entry (momentum continuation): buy when 1H closes > 1.85 with volume > recent spike — confirming trend continuation.

  • Stop-loss: for pullback entry → SL = 0.88 (below the bottom of 0.927 buffer); for aggressive entry 1.30–1.40 → SL = 1.08; for momentum entry >1.85 → SL = 1.45 (retest fail).

  • TP1 / TP2: TP1 = 1.95–2.00, TP2 = 2.40–2.80 (if the force continues and liquidity allows; if market depth is thin, then tighten TP).

  • Exit triggers (early exit): large distribution volume appears/whales transfer to CEX, denial announcement of buyback/tokenomics, or a clear RSI reversal with decreased volume.