A strong rebound was witnessed by the
$RLC today with an upward move exceeding 11%, trading at the level of $0.2753. Hereโs a quick look at the technical movement:
$RLC ๐ข Current positivity:
$RLC A strong bullish engulfing daily candle formed.
A successful rebound from the last low and the key support at $0.2430.
A notable increase in trading volumes (Volume), reflecting the entry of real liquidity.
๐ด Risks and overall trend:
The overall trend in the medium term is still bearish.
The current movement is considered a โcorrective reboundโ unless the previous highs are broken.
๐ฏ Next key levels:
The most important resistance: the $0.2822 zones, then $0.3042 (a break of the latter changes the trend to bullish).
The main support: the $0.2430 level (breaking it invalidates the bullish scenario).
#RLC