💎 RLC has undeniably garnered significant attention in the market. Currently facing resistance, RLC needs to break out of this level to sustain its upward trajectory. The perfect bounce observed from the demand area suggests a potential breakout of the resistance in the near future, the probability an easy movement toward our target area.
💎 However, if RLC struggles to break the resistance, there's a possibility of a retracement, with RLC returning to test the demand area multiple times.
💎 The bad scenario is confirmed if, during the retesting phase at the demand area, RLC fails to maintain its position and undergoes a breakdown. In such a case, RLC may shift to a bearish trend, potentially retracing to the strong support area.