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$RLC โ Buyers regain momentum after a strong reversal ๐ช
๐ธ Buy zone: $0.885 โ $0.895
๐ฏ Target:
โข Goal 1: $0.910
โข Target 2: $0.935
โข Goal 3: $0.960
โ Stop loss: $0.865
After the adjustment to the important support area around $0.82, $RLC has surged back with strong buying pressure, indicating a clear recovery signal on the 4-hour chart. The upward momentum is being maintained steadily, showing that the buyers are gradually taking control of the market.
Currently, the price is approaching the short-term resistance zone of $0.90. If it successfully breaks through this zone, the upward momentum may continue to expand towards the levels of $0.93 โ $0.96 in the short term.
This trading setup is considered positive as long as the price remains above the support level of $0.865, reinforcing the recovery trend and opening up opportunities for a new upward movement of $RLC.