I know absolutely nothing about this coin but took a look at it because of a recommendation from Turnip in our Crypto Cartel Discord. Check us out in my signature below.
I love this chart and the fact that it was recently listed on Binance. It's had a few preliminary pumps that have all been sold off.
This coin is still a very low coin at ~125 BTC in , however, it trades in a , best seen on the 3H candle due to the limited history of the coin.
Best entry is somewhere between here at 20,000 Sats and the prior relevant low at 18,000 Sats .
This coin has an approximate 80,000,000 supply and a current $180,000,000 market cap.
Assuming a break upwards to the 0.786 of the current cycle and a stop loss around 15,000 Sats , we have a trade that looks oversold and should be ready to go with a 3.44 risk-to-reward ratio.
When RLC picks up 1,500-2,500 BTC/day in on Binance again it's going to do exceedingly well.
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