Right now RLC is in wedge and can move both ways. Yesterday there was fake breakout and now its again in wedge. I am bullish for this coin because its was not much down as compare to others and it holds its main support of 0.80. We have to see this coin very carefully because it has retested its main resistance and support multiple times.
Right now its main support is 0.80 and if it breaks then it can touch 0.60 and for upward movement it should break 1.23 and 1.45 properly.
If you want to buy this coin then Stoploss should be 0.80 and if you want to sell then 1.23 should be stoploss. Best think is to wait for breakout from both sides and then open a trade. No need to throw yourself in the middle.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Right now its main support is 0.80 and if it breaks then it can touch 0.60 and for upward movement it should break 1.23 and 1.45 properly.
If you want to buy this coin then Stoploss should be 0.80 and if you want to sell then 1.23 should be stoploss. Best think is to wait for breakout from both sides and then open a trade. No need to throw yourself in the middle.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!