RIF is still in a typical strong market right now. The sideways consolidation at the highs is more like digesting realized profits rather than indicating a weakening trend.
From a technical standpoint, the moving averages remain in a bullish alignment. Price keeps moving upward along the MA7, and the volume-price relationship is healthy. The advantage of the bulls is still clear, so it is not advisable to blindly guess the top and short at this stage.
In terms of trading, wait patiently for a pullback and stabilization around 0.120 before considering a long position. Set the stop loss below the low of the previous K-line. If the trend continues, first focus on a breakout above the prior high, and then look to challenge the 0.14 area.
$RIF
From a technical standpoint, the moving averages remain in a bullish alignment. Price keeps moving upward along the MA7, and the volume-price relationship is healthy. The advantage of the bulls is still clear, so it is not advisable to blindly guess the top and short at this stage.
In terms of trading, wait patiently for a pullback and stabilization around 0.120 before considering a long position. Set the stop loss below the low of the previous K-line. If the trend continues, first focus on a breakout above the prior high, and then look to challenge the 0.14 area.
$RIF