RHC is sitting at a pivotal moment. For the bullish case to stay alive, we need to see price swiftly reclaim and close above ~$43 — that’s the line in the sand.
However, I’m leaning toward Scenario 1, which suggests a short-term push up to the yearly pivot and macro 50% retracement level, followed by a rejection and sharp move lower.
Bearish Pathway
Initial Bounce: Push toward ~$43 could trap late longs.
Rejection Zone: Yearly pivot and macro 50% level act as resistance.
Downside Targets:
First stop: $26 — previous structural support.
Then potentially: $18 — deeper liquidity zone and psychological level.
However, I’m leaning toward Scenario 1, which suggests a short-term push up to the yearly pivot and macro 50% retracement level, followed by a rejection and sharp move lower.
Bearish Pathway
Initial Bounce: Push toward ~$43 could trap late longs.
Rejection Zone: Yearly pivot and macro 50% level act as resistance.
Downside Targets:
First stop: $26 — previous structural support.
Then potentially: $18 — deeper liquidity zone and psychological level.
Trade active
no change. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.