iExec $RLC (RLC) Alert: Major Long Liquidation Spotted!
A huge $19.394K RLC long liquidation just hit at $2.5135! This could be a key moment for RLC as volatility spikes and traders position themselves for the next big move.
Buy Zone
If the price dips further, look for a strong buying opportunity in the range of $2.40 - $2.50. This zone could act as critical support where buyers might step in to regain control.
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Target Zones
1. Short-Term Target: $2.65
2. Mid-Term Target: $2.80
3. Aggressive Target: $3.00
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Stop Loss
To protect your capital, set your stop loss at $2.35. This ensures minimal losses if the price breaks below key support levels.
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What’s Next?
After this liquidation, two potential scenarios could unfold:
1. Bullish Case: Buyers defend $2.50, leading to a sharp recovery toward $2.65 or higher.
2. Bearish Case: If $2.50 fails to hold, RLC could drop to $2.30 before finding strong supp
Key Insights
Watch volume levels and price action around $2.50. A bounce here could signal a strong recovery.
If RLC reclaims $2.60, momentum could shift back in favor of the bulls.
Pro Tip: Trade carefully during volatile periods and always stick to your risk management strategy.
This is not financial advice. Please do your own research before making any trade decisions!
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