A friend messaged me after seeing the $RIF pump and said:
“Bro, should I buy now before it runs again?” 😭
Honestly, this is exactly where most people make the wrong move.
$RIF already gave a strong run, and yes, buyers are still holding it near the highs. But buying just because the candles are green is not a plan.
Right now, I’m watching two levels:
$0.13 is the breakout area.
If price closes above it and holds, another strong move can start.
$0.11 is the support.
As long as this area holds, the bullish structure is still alive.
So I told him the same thing I’d tell anyone here:
Don’t chase it in the middle. Let the chart confirm the next move first.
I trusted the structure before the first pump, and I’m trusting it again now.
Above $0.13, things can get exciting.
Below $0.11, I’d become much more careful.
Sometimes the smartest trade is simply waiting for the market to show its hand.
“Bro, should I buy now before it runs again?” 😭
Honestly, this is exactly where most people make the wrong move.
$RIF already gave a strong run, and yes, buyers are still holding it near the highs. But buying just because the candles are green is not a plan.
Right now, I’m watching two levels:
$0.13 is the breakout area.
If price closes above it and holds, another strong move can start.
$0.11 is the support.
As long as this area holds, the bullish structure is still alive.
So I told him the same thing I’d tell anyone here:
Don’t chase it in the middle. Let the chart confirm the next move first.
I trusted the structure before the first pump, and I’m trusting it again now.
Above $0.13, things can get exciting.
Below $0.11, I’d become much more careful.
Sometimes the smartest trade is simply waiting for the market to show its hand.