RLC/USDT Facing strong resistance, Could RLC breakout this area?
Updated
💎 RLC has witnessed significant developments in the market. Currently, RLC is facing strong resistance in the market. Just a few days ago, RLC attempted to break through this resistance but faced a hard rejection, causing the price to retest the support area.
💎 Now, RLC is once again attempting to break through this formidable resistance level. If this attempt succeeds, it could trigger a bullish momentum, leading to a significant upward movement in price and probability reaching our target at the bearish OB area.
💎 However, if RLC fails once more to break through the resistance and displays bearish rejection candles similar to what occurred previously, there is potential for the price to retreat back to the support level around 1.85 to gather momentum for another attempt.
💎 The support area is of utmost importance, and a bounce from this level is necessary. If RLC is unable to sustain its position above the support, indicating a breakdown of support, it could lead to a shift back to a downward movement, potentially revisiting the demand area or even going further down.
💎 Now, RLC is once again attempting to break through this formidable resistance level. If this attempt succeeds, it could trigger a bullish momentum, leading to a significant upward movement in price and probability reaching our target at the bearish OB area.
💎 However, if RLC fails once more to break through the resistance and displays bearish rejection candles similar to what occurred previously, there is potential for the price to retreat back to the support level around 1.85 to gather momentum for another attempt.
💎 The support area is of utmost importance, and a bounce from this level is necessary. If RLC is unable to sustain its position above the support, indicating a breakdown of support, it could lead to a shift back to a downward movement, potentially revisiting the demand area or even going further down.
Trade closed: target reached
Boom! #RLC is doing just what we said. Up 70.00% and looking good!
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