$RLC /USDT - Consolidating After a Sharp Move šŸš€

Current Price: $2.350 (+7.75%)

24H High: $2.779

24H Low: $2.181

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Market Analysis:

1. Pullback Phase: After hitting a high of $2.779, $RLC has entered a consolidation zone around $2.35.

2. Volume Trends: 24H volume shows 11.55M RLC, indicating sustained interest despite the recent pullback.

3. Support Zone: Key support sits at $2.20ā€“$2.25, with buyers likely to defend this level.

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Trading Setup:

Entry Zone: Accumulate between $2.30ā€“$2.35 for potential upside.

Take Profit (TP):

Target 1: $2.55

Target 2: $2.80

Stop Loss (SL): Place below $2.18 to limit downside risk.

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Technical Indicators:

MACD: Neutral, but momentum could shift with increased buying activity.

RSI: Approaching oversold levels on the lower timeframe, suggesting a possible bounce.

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Pro Tip:

Wait for confirmation of a breakout above $2.40 for aggressive entries. Use trailing stops to maximize gains while protecting profits.

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