$BIFI is stabilizing after the explosive expansion from the 20.7 reaction low and I am watching this closely because buyers stepped in aggressively and completely flipped the higher timeframe structure. The 1h candles show extreme momentum followed by compression near the current range which suggests price is cooling not reversing. Despite the volatility price is holding well above the original breakout zone which keeps the trend biased bullish as long as structure holds.
Here is my full setup from this chart.
Entry Point
245 – 210
Target Point
TP1: 300
TP2: 380
TP3: 520
Stop Loss
185
It is possible because pullbacks toward the 210 zone are getting absorbed quickly and sellers are unable to push price back toward the pre breakout base. If BIFI continues to hold above support consolidation can resolve into another continuation leg once momentum resets.
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BIFI
318
+202.85%