RLCBTC trade ideas
rlcbtc about to break???What we see on the daily chart:
- 650 seems to be the bottom so far after this big retracement
- volume coming in, buyers stepping up? Tight candles suggest there still are some sellers left, but it looks like an area where buyers might step up big time and sellers run out, but we need to keep in mind btc is still the boss here
-RLC likes to move fast , I would trade this of the daily and aim for a 20-30% move
- also RSI bottomed
RLC - Free Trade SignalRLC/BTC
Strategy: Oversold conditions. Tweezer bottom signalling possible reversal. Expecting three white soldiers.
Buy Around - 674 - 695
T1 - 730 (7%)
T2 - 779 (14%)
T3 - 831 (21%)
Stop-Loss - 655 (4%)
Risk / Reward
T1 - 1 / 1.5
T2 - 1 / 3.2
T3 - 1 / 4.5
P/L Opportunity
Upside: 7 - 21%
Downside: 4%
RLCBTC a profit possibility up-to 290%The price action has retraced between 0.786 to 0.886 fibonacci and still has 25MA support on 2 weeks chart.
This is the potential reversal zone insha Allah from here it will take a bull move.
The targets are:
Buy between:
0.0000912 to 0.0000591
Secure sell targets:
0.0000996 to 0.0001424
Aggressive target sell zone:
0.0001789 to 0.0002306
Regards,
Atif Akbar (moon333)
#rlc dipping at monthly low.......guys grab some #RLC from binance……
technical ranges - 660-675....
selling targets will be - 705-745-790+(open)
STOP - 655 FOR SCALPERS
- 645 FOR SWINGERS
oversold on 4h and days frame....
td finished on each time frame...…
highly volatile coin having trend line support …..
MAKING A KIND OF FALLING WEDGE ALSO...…….
SoT 2.0 Chartoff May, Week 3We’re looking at RLC this week.
RLC was one of the first coins to show a nice move up after Binance reopening and more alts recovering (recovery was not because of Binance reopening, just happened at about the same time).
In the move up today, RLC first stopped right on the daily level at 1047. After that, it retraced a little bit and then it tried to push for the daily downtrend and the daily level at 1130 but failed. I think it failed partially because BTC showed some strong signs at the same time.
On the 12th of May, RLC also started a move up which ended at the first daily level of 1047. After that, RLC retraced and the start of the uptrend before RLC had it’s first move today was the 830 level.
These moves up created an uptrend on which I’m looking to buy. Currently the uptrend is at the 845 level which is where I would take entry. I actually missed an opportunity to enter when I was still charting. If it does come down to the trendline again, I will update the price I bought at in the comments.
I’m putting a staploss at 825, which is slightly below the 4 hourly level that started today’s uptrend. If it breaks that, I’m looking for an exit.
My target would be at 1040, which is just a few sats below the daily level.
BTW: I only added the relevant levels at the moment so no monthlies in here.
RLC-BTC Long Trade PlanCommodity : iEXECRLC
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 3% of the total Trading Balance.
Prospective Profit : 12% to 43%
Prospective Loss : 7%
RRR : Between 1.6 and 5.66 depending on TPs
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)