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iExec RLC / TetherUS PERPETUAL CONTRACT

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RLCUSDT.P trade ideas

🆓iExec RLC (RLC) Mar-07 #RLC $RLC After RLC broke out of the $1.6 zone, buying pressure came back strongly and RLC rallied to the $2 zone shortly after. This is a sign that the $1.6 zone is still a good support for RLC. If we don't lose this zone, in the near future RLC can rise back to the 2.5$ zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 1.6$ zone 🔴Buy : 1.6 🔴Sell : 1.9 - 2.2 - 2.5 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 1.6$ zone 🔵Sell : 1.6 🔵Buy : 1.3 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
#RLC short X3 The Rising Wedge BreakdownThis pattern has a familiar look to a bear flag ( shows a rising wedge 19h chart, while a bear chart pattern is evident in the daily chart. During the formation, there are a few indicators that can be used to determine whether the pattern is a real pattern or a disguise. As this formation progresses, it is a favorable signal if the volume is decreasing. That’s because it would show a divergence between price and volume, adding evidence that a reversal may be imminent.
Short
by CMVG_ACADEMY