$RLS — bullish rebound building

I’m interested here because the market already flushed weak hands and immediately showed a reaction from a well-defined demand zone. That sharp push into the lows wasn’t followed by panic continuation. Instead, buyers stepped in fast, price bounced, and now it’s stabilizing. That behavior usually signals absorption, not distribution.

I’m reading this as a bullish recovery setup after a controlled selloff. Momentum slowed at the lows, downside pressure weakened, and structure is trying to rotate back upward rather than continue bleeding.

Market read
I’m seeing a liquidity sweep around the 0.00543 area followed by a clean bounce. Sellers lost momentum after the sweep, and price started printing higher lows on the short timeframe. This tells me supply was taken and buyers are quietly defending.

Entry point
I’m looking to enter around 0.00548 – 0.00555 while price holds above the reclaimed demand zone. This is where the market is currently accepting value.

Target point
TP1: 0.00575 — first resistance and partial profit zone
TP2: 0.00605 — prior breakdown level
TP3: 0.00645 — expansion target if momentum continues

Stop loss
I’m placing my stop below 0.00532. Acceptance below this level invalidates the bullish recovery idea.

How it’s possible
This setup works because the market already completed a stop hunt and failed to continue lower. When price sweeps liquidity and immediately reclaims structure, it often leads to a relief push. As long as buyers defend above the entry zone, upside targets remain valid.

Risk is defined, structure is stabilizing, and momentum is shifting from sell to rebuild.

Let’s go and Trade now $RLS