RLCUSDT.P trade ideas
RLC Back In ActionRLC is back up moving closer to its relative all time high we saw back in June. RLC is now sitting around historic sell side pressure and if we can see RLC maintain its current price and consolidate around 1.70 i have no doubt we will see a break up above 2 dollars testing 2.15-2.35+ but again i want to see RLC maintain this relative price level after having a nice bull run. Let me know what you guys think :)
RLCUSDT ANALYSİSI have 2 positive signals so that ı am neutral at the moment
If you bought this coin with EngineeringRobo' buy signals at the end of the April .You have 5x profit. I congratulate to you
If you want to buy this coin you can wait for turning resistance line($ 1,7759) to support line or you can buy at support line ($ 0,6742)
After buying this coin, watch carefully EngineeringRobo' s sell signals
If you want to use EngineeringRobo please dm me.
RLC/USDT - Long - Potential 12%
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PAIR: RLC/ USDT
T/F: 1 HOUR
LENGTH: Short
RISK - Medium
ENTRY: 8725
TP1: 9118
TP2: 9783
BONUS TP: KEEP OPEN AND FOLLOW WITH STOP LOSSES
SL: 8272
NOTES:
- Uptrend
- Support Break up candle
- Rejection candles
- Minimal above resistance
KEY:
BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = Less than 1 week
LONG = Less than 1 month
RISK:
LOW = EG Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles
MEDIUM = EG. Broken support // Trend Reversal // Consolidation
HIGH = EG. Not fully brokend Support // Overly mature uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am