The price trend of RLS has recently shown a quite obvious signal. The 0.011 level has formed a clear double bottom pattern, and the technical aspect seems to be in place. More importantly, the RSI indicator is now in a clearly oversold zone—what does this often mean? Downward selling pressure is gradually weakening. The market's overly pessimistic sentiment is on the verge of reversing. Historically, whenever such a technical setup occurs, it often indicates that a good rebound is brewing. Have you considered entering at this point? Based on the support strength of the double bottom and the extreme oversold condition of the indicator, the risk-reward ratio is indeed worth paying attention to.
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PonziWhisperer
· 15h ago
Double bottom + oversold, this combination sounds good, but I wonder if it's just another technical trick to deceive.
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SolidityNewbie
· 15h ago
Double bottom + oversold, this combination indeed tends to be tempting, but I want to know more about the trading volume in conjunction.
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GasGasGasBro
· 15h ago
Double bottom + oversold, I like this combination. If the 0.011 level can hold, the rebound potential is indeed tempting.
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GweiWatcher
· 15h ago
Whether the double bottom breaks or not is the key. I'm quite nervous about the 0.011 level. If it drops below, it will explode directly.
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CounterIndicator
· 15h ago
Double bottoms are everywhere now, is this time different? I believe in oversold RSI, but how far the rebound can go is really hard to say.
The price trend of RLS has recently shown a quite obvious signal. The 0.011 level has formed a clear double bottom pattern, and the technical aspect seems to be in place. More importantly, the RSI indicator is now in a clearly oversold zone—what does this often mean? Downward selling pressure is gradually weakening. The market's overly pessimistic sentiment is on the verge of reversing. Historically, whenever such a technical setup occurs, it often indicates that a good rebound is brewing. Have you considered entering at this point? Based on the support strength of the double bottom and the extreme oversold condition of the indicator, the risk-reward ratio is indeed worth paying attention to.