Short position on RLCUSDT 49Min/ Trading SetupBINANCE:RLCUSDT
KRAKEN:RLCUSD
Market can start a high volatile movement, so be don't forget to risk-free your position.
Mid-risk status: 4x-5x Leverage
Low-risk status: 2x-3x Leverage
⚡️TP:
On the chart
➡️SL:
On the chart
🧐The Alternate scenario:
🔴If the price stabilize above the trigger zone, and stabilize above resistance line, the setup will be cancelled.
Rlcusdtshort
RLC/USDT : Indicators are being bearish BINANCE:RLCUSDT
Hello everyone 😃
RLC is moving into a bearish rising wedge.
Now MACD and Volatility are at their limits and they are being bearish.
Also Wedge higher line is near, so it will rejects any continuation for bulls...
MA 200 is located 1.9$ and it's reaching 2.1$'s support zone,
How ever MACD it's trying to support it's lower limit !
📌 2.1$ support zone could be a good retest point for RLC.
🔴 Funding is very high, So it's to wait for a better points to enter market !!
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades