As you can see RLC?USDT is in a solid rising pattern and it just hit the low on that pattern!
The RSI was overbought when the low got hit on the 4h chart, also the Macd looked promising.
Now the macd just turned green and it crossed!!!!! So thats why I think it has potential to hit the top again.
Its now bouncing back from a resistance area wich it also did in the past as you can see, but i also think it has enough power to break those, because of the rising volume.
I set my stop loss with the ATR indicator and my take profit at the previous show resistance.
This is a 1/1,8 risk reward ratio.
If you hop on now its still a 14,10% W.
The RSI was overbought when the low got hit on the 4h chart, also the Macd looked promising.
Now the macd just turned green and it crossed!!!!! So thats why I think it has potential to hit the top again.
Its now bouncing back from a resistance area wich it also did in the past as you can see, but i also think it has enough power to break those, because of the rising volume.
I set my stop loss with the ATR indicator and my take profit at the previous show resistance.
This is a 1/1,8 risk reward ratio.
If you hop on now its still a 14,10% W.