$RIF RSI AT 18.4 – SHORT MOMENTUM SHIFT IN PLAY 🔴
Entry: 0.1192 🔥
Target: 0.1147 🚀
Stop Loss: 0.1281 ⚠️
RSI dropping to 18.4 means sellers are in control and the bounce attempts are getting weaker. The EMA20 and EMA50 are converging right overhead, which historically has led to a breakdown on lower timeframes. Volume picked up on the last push down too.
I’m watching this short with 80% conviction because the higher timeframe bias hasn't flipped yet. Bears keep stacking bids below. Think the EMA crossover will seal the deal or do we get a false break?
Not financial advice. Always manage your risk.
#RIF #ShortSetup #Crypto #MomentumTrade
🔴
Entry: 0.1192 🔥
Target: 0.1147 🚀
Stop Loss: 0.1281 ⚠️
RSI dropping to 18.4 means sellers are in control and the bounce attempts are getting weaker. The EMA20 and EMA50 are converging right overhead, which historically has led to a breakdown on lower timeframes. Volume picked up on the last push down too.
I’m watching this short with 80% conviction because the higher timeframe bias hasn't flipped yet. Bears keep stacking bids below. Think the EMA crossover will seal the deal or do we get a false break?
Not financial advice. Always manage your risk.
#RIF #ShortSetup #Crypto #MomentumTrade
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