RLS has experienced a sharp decline and is now seeking support. From the indicator perspective, the oversold condition is obvious, which usually signals a bear trap rebound. The next key is whether it can effectively break through the resistance level of $0.011. If it breaks through, there is hope to continue higher; if not, it will return to the starting point. The market only rewards prepared traders; illusions of luck cannot solve any problems.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
NullWhisperer
· 5h ago
0x11 resistance looking sus tbh. oversold metrics scream trap bounce, but let's audit the actual support structure first before we get excited
Reply0
pvt_key_collector
· 5h ago
0.011 this level feels a bit uncertain; it only counts if you truly break through, otherwise it's just another cycle of tugging back and forth.
View OriginalReply0
LiquidityOracle
· 6h ago
Overbought rebound is a common phrase, but the key is whether it can break 0.011; otherwise, it's all in vain.
View OriginalReply0
SoliditySlayer
· 6h ago
Honestly, the probability of breaking through the key level at 0.011 is even lower. A rebound is an opportunity to clear your positions.
View OriginalReply0
GasGasGasBro
· 6h ago
I'm tired of hearing the saying that it's an oversold rebound; the key is whether it can hold steady at 0.011, otherwise it's just the prelude to a rug pull.
View OriginalReply0
AlphaWhisperer
· 6h ago
0.011 this threshold is really stuck, feels like we're about to repeat the same story again
RLS has experienced a sharp decline and is now seeking support. From the indicator perspective, the oversold condition is obvious, which usually signals a bear trap rebound. The next key is whether it can effectively break through the resistance level of $0.011. If it breaks through, there is hope to continue higher; if not, it will return to the starting point. The market only rewards prepared traders; illusions of luck cannot solve any problems.