$RLS is reacting after a hard liquidity sweep and failed continuation, and I’m watching how price behaves at this compression zone.

Reason / Market read
I’m looking at this move as post-distribution stabilization. Price ran liquidity toward 0.0062, trapped late buyers, and then rotated lower with controlled selling. That flush toward 0.0050 cleaned weak hands, and now we’re seeing price slow down — not accelerating lower. That matters.

Structure & context
I’m seeing range compression after expansion. Momentum faded after the rejection, and now price is holding a tight zone near prior demand. This usually leads to either a relief bounce or one last stop sweep before reversal. I’m planning for the bounce scenario with clear invalidation.

Entry Point
I’m interested in entries around 0.00565 – 0.00580
This zone aligns with short-term demand and post-flush balance.

Target Points
TP1: 0.00600 – first resistance and liquidity pocket
TP2: 0.00625 – previous high and rejection area
TP3: 0.00680 – 0.00720 – range expansion and upside imbalance

Stop Loss
I’m invalidated below 0.00510
A breakdown there means demand failed and sellers are back in control.

How it’s possible
This setup works if RLS continues absorbing sell pressure without making new lows. I’m trading compression after panic, not excitement. As long as price holds above the sweep low and forms higher intraday lows, a relief rotation remains likely.

I’m not forcing entries.
I’m letting structure tell the story.

Let’s go and Trade now $RLS