#RLC CONTINUES TO MOVE IN A RANGING MARKET STRUCTURE SETUP
Ranging market structures are often perceived as a prolonged and tiresome waiting period. Nevertheless, some may interpret this as an opportunity to accumulate more assets and identify entry points for significant levels of buyers and sellers. Aggressive traders also see this as a chance to secure an optimal position, anticipating substantial market movement following the period of consolidation. In relation to this, we expect a persistent retest of resistance for RLC to continue happening, leading to a varied market structure. Identifying the monthly lows and highs of an altcoin is a straightforward task. The price range that it has moved to is from 1.381 to 1.895 which is a price range that continued to be considered as a newly established support. By recognizing these critical levels, one can execute trades that emphasize both profit maximization and capital preservation.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
