🚨 RIF/USDT: moment of truth — are we catching a bounce or waiting for a drop?
After an impulsive rise, $RIF transitioned into a correction phase and has contracted near the EMA(99) zone. The price looks overloaded with sales, meaning the market is approaching a key point: either we form a bounce, or we go lower.
🚨 Briefly on indicators:
• EMA(21/50) — local bullish context remains
• EMA(99) — acts as resistance, price is below
• RSI(6) ≈ 29 — strong oversold condition
• MACD + Stochastic — hinting at a reversal
🎯 Trading plan:
Main scenario: LONG upon confirmation
Trigger: holding above 0.03615
Targets:
• 1️⃣ 0.03720 (+2.9%)
• 2️⃣ 0.03780 (+4.6%)
• 3️⃣ 0.03850 (+6.5%)
➡️ Entries:
• Aggressive — bounce from 0.03605
• Conservative — after holding above 0.03615
⛔️ Stop-loss: 0.03450
⚡ Summary:
The market gives a chance for a quick scalp-long due to oversold conditions, but the key is the reaction to EMA(99). Without a breakout — the risk of continued decline. We work strictly according to confirmation.
Trading 👉$RIF
