šØ RIF just ripped +62% in 24h. Your FOMO screams "buy" ā but the chart screams something else entirely.
$0.0797 after a massive leg up. Volume 5.5x daily average ā blow-off top territory. 4H RSI rolled from overbought to 50.2, daily RSI at 44.6 ā the bigger trend is still bearish despite the fireworks.
š§ Why NOT to chase:
Higher timeframes show a strong downtrend. SMA7 daily ($0.109) and SMA25 ($0.117) are WAY above price. This bounce lives inside a larger bearish structure.
$1.18B in whale inflows look bullish, but extreme volume on a single candle often means distribution, not accumulation. At $0.0797, you're buying the top of a 62% candle ā that's a donation to the market.
š Trade Plan (when, not if):
Entry: $0.065ā$0.072
ā 20-30% pullback to 4H SMA cluster where resistance turns support.
SL: $0.058
ā Below SMA99 daily ($0.079). If this breaks, bounce thesis is dead.
TP1: $0.085 ā SMA25 4H resistance zone
TP2: $0.095 ā Previous support-turned-resistance
R:R 1.6:1 ā acceptable for a counter-trend bounce.
ā” This is NOT a buy signal. It's a "set alerts and wait" signal. The best trades come to you, not the other way around.
Chase the 62% pump or wait for pullback? š
#RIF #RSK #CryptoTrading #AltcoinAnalysis
š Not financial advice. Crypto is volatile. DYOR and never risk more than you can lose.
$0.0797 after a massive leg up. Volume 5.5x daily average ā blow-off top territory. 4H RSI rolled from overbought to 50.2, daily RSI at 44.6 ā the bigger trend is still bearish despite the fireworks.
š§ Why NOT to chase:
Higher timeframes show a strong downtrend. SMA7 daily ($0.109) and SMA25 ($0.117) are WAY above price. This bounce lives inside a larger bearish structure.
$1.18B in whale inflows look bullish, but extreme volume on a single candle often means distribution, not accumulation. At $0.0797, you're buying the top of a 62% candle ā that's a donation to the market.
š Trade Plan (when, not if):
Entry: $0.065ā$0.072
ā 20-30% pullback to 4H SMA cluster where resistance turns support.
SL: $0.058
ā Below SMA99 daily ($0.079). If this breaks, bounce thesis is dead.
TP1: $0.085 ā SMA25 4H resistance zone
TP2: $0.095 ā Previous support-turned-resistance
R:R 1.6:1 ā acceptable for a counter-trend bounce.
ā” This is NOT a buy signal. It's a "set alerts and wait" signal. The best trades come to you, not the other way around.
Chase the 62% pump or wait for pullback? š
#RIF #RSK #CryptoTrading #AltcoinAnalysis
š Not financial advice. Crypto is volatile. DYOR and never risk more than you can lose.