$RLC /USDT - Strong Momentum with Consolidation

Current Price: $2.471 (+17.78%)

24H High: $2.779

24H Low: $2.093

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Key Levels to Watch:

Immediate Support: $2.420

Immediate Resistance: $2.550

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Market Overview:

has experienced a strong rally, surging nearly 17% in the last 24 hours. The price action suggests that $RLC is entering a consolidation phase after reaching the intraday high of $2.779. The current price stability around $2.47 indicates potential accumulation.

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Trading Strategy:

For Long Positions:

Entry Zone: $2.420 - $2.450

Target 1: $2.550

Target 2: $2.750

Stop Loss: $2.390

For Short Positions (High Risk):

Entry Zone: $2.500 - $2.550

Target 1: $2.420

Target 2: $2.300

Stop Loss: $2.580

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Observation:

The high trading volume during the upward spike suggests strong interest in $RLC. If it breaks above $2.550 with volume confirmation, a test of the $2.750 resistance zone is likely. Conversely, failure to hold $2.420 could lead to a retest of lower support levels near $2.30.

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