RLC is currently around 0.6777, and the bearish momentum is still fermenting. From the 15-minute K-line chart, this wave of decline has already taken shape, and the price is approaching a key support line.
How to interpret this specifically? On the support side, look at the 0.6765 level—once it breaks below, the downward momentum may be further released. Short sellers have already started to exert effort, and the MACD indicator clearly shows that the bearish momentum is amplifying. If a rebound occurs, 0.6810 is a relatively critical resistance level; approaching this price could be a good shorting opportunity.
The idea of trading with the trend is to strictly follow 0.6916 as a dynamic stop-loss reference point. But don’t be too aggressive, because the price might reverse and break above 0.6810. Once it stabilizes above this level, the short-term downtrend could halt, and the situation may reverse. So, pay attention to the rebound trend and avoid getting caught in short-term fluctuations.
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LiquidationWatcher
· 01-11 02:06
ngl, been here before with rlc... 0.6765 breaks and we're looking at a liquidation cascade fr fr. not financial advice but watch those collateral ratios if you're leveraged lol
Reply0
ChainDoctor
· 01-09 11:50
It's that damn coin again. The bears are still enjoying a good run. I bet it won't break 0.6765. Even if it rebounds, it'll still push upward.
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MevHunter
· 01-08 06:51
The bears are winning, but I don't believe 0.6765 can hold.
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TokenomicsPolice
· 01-08 06:49
Still sitting at 0.6777, the bearish fire hasn't been extinguished yet. Keep an eye on 0.6765 to prevent it from collapsing.
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ApeShotFirst
· 01-08 06:39
Is the short squeeze really coming this time? I'm getting a bit nervous looking at the MACD...
Break below 0.6765 and just exit, stop loss at 0.6916 is reliable this time
Rebound near 0.6810 and go short, just follow this rhythm
Oh my, this repeated fluctuation is really disgusting, please don't let me get trapped, I beg you
Is there a high probability of a short-term reversal in this situation? Feeling a bit hesitant
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UncommonNPC
· 01-08 06:26
The short position is fermenting, but I still think I need to be cautious of a rebound trapping people.
RLC is currently around 0.6777, and the bearish momentum is still fermenting. From the 15-minute K-line chart, this wave of decline has already taken shape, and the price is approaching a key support line.
How to interpret this specifically? On the support side, look at the 0.6765 level—once it breaks below, the downward momentum may be further released. Short sellers have already started to exert effort, and the MACD indicator clearly shows that the bearish momentum is amplifying. If a rebound occurs, 0.6810 is a relatively critical resistance level; approaching this price could be a good shorting opportunity.
The idea of trading with the trend is to strictly follow 0.6916 as a dynamic stop-loss reference point. But don’t be too aggressive, because the price might reverse and break above 0.6810. Once it stabilizes above this level, the short-term downtrend could halt, and the situation may reverse. So, pay attention to the rebound trend and avoid getting caught in short-term fluctuations.