๐ข $RPL /USDT Technical Breakdown โ Bullish Surge with Caution Ahead
๐ธ Current Price: $7.29 (+23.14%)
๐ 4H Chart Analysis
RPL has delivered an explosive move, jumping from $5.17 to a peak of $7.77, fueled by strong volume and bullish sentiment in liquid staking tokens.
๐ Technical Indicators:
EMA(7): $6.89 โ Short-term support
EMA(25): $6.15 โ Trend confirmation
EMA(99): $5.59 โ Long-term reversal
RSI(6): 83.82 โ ๐ด Overbought Zone
MACD: Strong bullish crossover
Volume Surge: Indicates institutional or whale interest
๐ฏ Trading Strategy (Not Financial Advice):
Entry (on retracement): $6.75 โ $7.00 zone
Target 1: $7.85
Target 2: $8.40
Stop Loss: Below $6.40
โ ๏ธ Caution: RSI above 80 signals that price may cool off. Consider taking partial profits or using a trailing stop.
๐ Summary: $RPL is showing strength, breaking above key EMAs with strong volume. While momentum is bullish, overbought conditions call for careful entries and tight risk management.