PolarHusk

RLC/BTC (Triangle Pattern? Bearish?)

BINANCE:RLCBTC   iExec RLC / Bitcoin
BINANCE: RLCBTC

-The price retested the previous support area
-A good bounce happened and will likely retest the trendline resistance
-The 8400 sat range is a strong confluence of previous resistance turned support
-How do you trade this market situation?
-Buy at key support with a tight stop loss and target the trendline resistance
-2nd is to buy the breakout of the trendline resistance because it will signal a trend change
-This is a high-risk trade so please use small allocation only




^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management

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Comments

well done, great technical summary today!
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PolarHusk ProjectSyndicate
@ProjectSyndicate, thanks man!
Reply
Good explanation
Reply
PolarHusk Nurshakillallla
@Nurshakillallla, thanks!
Reply
Nice chart! thanks! 🦐
Reply
PolarHusk plancton0618
@plancton0618, thanks!
Reply
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