🚨 Retail is about to get absolutely destroyed trying to catch this falling knife in $RIF . 🩸
Look at the weekly chart. Everyone is buying this dip, thinking it’s a massive discount. But they are completely blind to what the RSI is screaming at them.
Look at that massive Bearish Divergence. As the price was pushing up, the momentum (RSI) was making lower highs. The smart money has been quietly distributing their bags this entire time.
The weekly timeframe doesn't lie. Momentum is dying.
Price is currently hovering at 0.0656, but this isn't a support floor—it's a trapdoor. If the RSI continues to break down, it’s a straight flush down to the next major structural support around 0.0400.
🟢 The Play:
Do not catch this falling knife. Wait for the price to actually reach the 0.0400 zone and print a confirmed reversal candle before even thinking about a long.
🔴 The Trap:
If you buy now because it "looks cheap," you are providing exit liquidity for the whales.
Are you buying this weekly dip, or are you waiting for the real bottom? Let me know below. 👇👀
Look at the weekly chart. Everyone is buying this dip, thinking it’s a massive discount. But they are completely blind to what the RSI is screaming at them.
Look at that massive Bearish Divergence. As the price was pushing up, the momentum (RSI) was making lower highs. The smart money has been quietly distributing their bags this entire time.
The weekly timeframe doesn't lie. Momentum is dying.
Price is currently hovering at 0.0656, but this isn't a support floor—it's a trapdoor. If the RSI continues to break down, it’s a straight flush down to the next major structural support around 0.0400.
🟢 The Play:
Do not catch this falling knife. Wait for the price to actually reach the 0.0400 zone and print a confirmed reversal candle before even thinking about a long.
🔴 The Trap:
If you buy now because it "looks cheap," you are providing exit liquidity for the whales.
Are you buying this weekly dip, or are you waiting for the real bottom? Let me know below. 👇👀
