$RLC is showing a modest uptick, rising +1.77% from its recent low at $1.002. On the 1H chart, short-term momentum appears to be building, with green candles suggesting a potential rebound. However, the overall trend still leans bearish, and trading volume remains weak.
This could be nothing more than a temporary bounce — possibly a bull trap — especially if the price struggles to break above the $1.04–$1.05 resistance zone.
⚠️ Caution is key.
🔻 Short Trade Setup: (1H Weakness Zone)
Entry Zone: $1.037 – $1.045
Take Profit 1: $1.01
Take Profit 2: $0.985
Stop Loss: $1.062
💡 Watch for rejection candles and fading volume near resistance before initiating the trade.
Trade smart. Manage risk. Don’t chase
— wait for confirmation.
