โ ๏ธ $RLC โ Breakdown Confirmed! Retest or Further Fall? ๐
$RLC just slipped below the crucial $1.21 neckline of a Head & Shoulders pattern โ a classic bearish signal now playing out!
After a powerful rally to $1.245, price reversed and broke the neckline, triggering downside pressure. It's now testing the demand zone near $1.17 โ a must-hold level to avoid deeper drops.
Key Levels: โข Resistance: $1.21 (neckline retest)
โข Support Zone: $1.165 โ $1.175
โข Pattern: Head & Shoulders breakdown
Trade Setup:
โข Entry: $1.175
โข TP1: $1.150
โข TP2: $1.120
โข TP3: $1.080
โข SL: $1.210
Watch for bounce signs or further breakdown โ both setups are in play!
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