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RLCBNB

RLC/BTC (Triangle Pattern? Bearish?)BINANCE: RLCBTC -The price retested the previous support area -A good bounce happened and will likely retest the trendline resistance -The 8400 sat range is a strong confluence of previous resistance turned support -How do you trade this market situation? -Buy at key support with a tight stop loss and target the trendline resistance -2nd is to buy the breakout of the trendline resistance because it will signal a trend change -This is a high-risk trade so please use small allocation only ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Happy Trading! Thank you! :)
by PolarHusk
6
RLC/BTC (Wait For Breakout Direction)RLC/BTC -iExec RLC is currently forming a symmetrical triangle -The best trading strategy here is to but the breakout direction -Currently, it is testing the local resistance around 14100 sat range -You may enter aggressively on the break of local resistance -2nd idea is to place Buy orders once the downward trendline resistance is broken -3rd trading option is to buy on retest/pullback after breakout confirmation -All depends on your risk appetite how you will approach this market -Please, always follow your trading plan once entered the battlefield
by PolarHusk
1
RLC/BTC TA Update (Long Term Bullish Pattern?)RLC/BTC Looking at the bigger picture of RLC, this is technically bullish as long as the price can hold the 200 Day MA in the coming weeks. But RLC's number 1 enemy right now is the downward trend-line resistance which keeps the price respecting it from the peak High 10k sats area. If RLC breaks this trend-line, form a new Higher Low and consolidate within the bullish buying area. I wouldn't surprised to see further growth or retest previous High at 10k in the future. Bearish scenario if the price closes below 200MA that will signal the pullback hasn't done yet and we could see the coin drop to 2.5k sats area.
Long
by PolarHusk
RLC - iExec is Another Binance Sleeper(Trade this coin on Binance from the link in my signature below!) I know absolutely nothing about this coin but took a look at it because of a recommendation from Turnip in our Crypto Cartel Discord. Check us out in my signature below. I love this chart and the fact that it was recently listed on Binance. It's had a few preliminary pumps that have all been sold off. This coin is still a very low volume coin at ~125 BTC in volume, however, it trades in a rectangle, best seen on the 3H candle due to the limited history of the coin. Best entry is somewhere between here at 20,000 Sats and the prior relevant low at 18,000 Sats. This coin has an approximate 80,000,000 supply and a current $180,000,000 market cap. Assuming a break upwards to the 0.786 of the current cycle and a stop loss around 15,000 Sats, we have a trade that looks oversold and should be ready to go with a 3.44 risk-to-reward ratio. When RLC picks up 1,500-2,500 BTC/day in volume on Binance again it's going to do exceedingly well. == Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party dafoh.org
Long
by RiversAndMountains
1