$RLS Imploding: Expect Further Losses 📉
Entry Zone: 0.0116 – 0.0124
TP1: 0.0109
TP2: 0.0101
Stop Loss: 0.0129
Leverage: 20x – 50x
Margin: 2% – 5%
$RLS just suffered a brutal breakdown below 0.0134, crashing into 0.0108. The attempted recovery is pathetic – weak, choppy, and screaming “no buyers.” Price is now stuck under that broken support, and history says that usually means one thing: more downside.
This sideways action around 0.0111 isn’t accumulation; it’s a breather before the next leg down. Don’t be fooled. As long as
$RLC can’t break above 0.0116–0.0118, sellers are firmly in control. 🔻
A trend reversal? Only a decisive push above 0.0119 with serious momentum will change the narrative. Until then, prepare for further pain. Secure partial profits at TP1 and adjust your stop loss to entry. Short now!
#RLS #ScalpTrade #CryptoTrading #ShortOpportunity 🐻