🔥 $RLC — Waiting for the Break 🔥
RLC is still trading below a long-term descending trendline on the daily, keeping the overall structure bearish and capping every upside attempt. Sellers remain in control of the bigger picture.
Price is currently holding around the $0.60 demand zone, a short-term area where buyers are trying to slow the fall. This level can support range-bound chop or a minor bounce, but without confirmation, it’s not a trend change.
🟢 The real signal to watch:
A clean breakout and daily close above the descending trendline — that would be the first meaningful sign of reversal and a shift in market structure.
🚨 Until that happens, downside risk remains, with price either consolidating here or leaking lower toward deeper support.
📉 Bias: Bearish
📍 Key Demand: ~$0.60
🔄 Trend Flip Trigger: Daily close above trendline
RLC is coiling — the breakout will decide everything. 💥
