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$RLS Short sell quickly! Positive mainnet news has landed— a crash is imminent!
Last night at 11 PM, the mainnet was officially launched. A typical case: once the good news has been fully priced in, it turns into bad news!
The chart has already given the answer: it has been pulling back from the high of 0.0115 all the way, and the current price is 0.0067. It has already fallen below all short-term moving averages—EMA5, EMA10, and EMA20—so the bearish trend is clear. In the past 24 hours, the total trading volume reached 63.99 million. There’s an obvious signal of distribution at high levels with increased volume—any funds chasing the highs have been buried!
Against the backdrop of BTC and ETH oscillating and weakening, this kind of altcoin that realizes “positive news” has absolutely no follow-through. The sell-off will only accelerate. The RSI indicator continues to trend downward, and bearish strength is currently dominating the market—short sell quickly. Don’t be fooled by small rebounds!
Click below to trade $RLS 👇