โWHAT HAPPENED TO
$RIF ?
โRIF crashed from around $0.076 To $0.056 very quickly .
That is a heavy dump, not a normal small correction.
โ
โThe chart currently shows:
โโข panic selling
โโข liquidation pressure
โโข very weak momentum
โโข almost no strong bounce yet
โ
โTHE BIGGEST WARNING SIGN โ ๏ธ
โRSI around 13
โThis is extremely oversold.
โNormally:
โRSI below 30 => oversold
โRSI near 13 => extreme panic territory
โ
โThis means:
โsellers completely dominated
โmany traders likely panic sold
โleveraged longs may have been liquidated
โBut important: Oversold does NOT mean instant recovery.
โCoins can stay oversold during strong fear.
[ for complete details please read my article in my profile for full explaination ]
#loser #LoserCoins