đ„ $RLC /USDT â Dip Bought at $0.830! Momentum Building for Next Leg Up
đ Trade Setup:
- Entry Zone: $0.860 â $0.875
- Stop Loss: Below $0.830
- Targets:
- TP1: $0.910
- TP2: $0.936
- TP3: $0.980 (Extension if volume confirms)
đ Technical Summary:
- Price rebounded sharply from the $0.830 support zone after a steep pullback from $0.936.
- Current consolidation near $0.875 shows signs of strength with rising volume.
- MA(5) and MA(10) are converging, suggesting a potential short-term bullish crossover.
- Volume spikes during the recovery phase indicate renewed buyer interest.
đ Strategy Notes:
- Ideal setup for bounce traders targeting a move back toward recent highs.
- Tight stop below $0.830 protects against deeper downside risk.
- Watch for breakout confirmation above $0.890 with volume surge.