BIFI / USDT | High Volatility Reversal Setup 🔄
Current Price: 293.0
24h Change: -8.15% | Monitoring | Hot
24h High: 360.0
24h Low: 199.5
📊 Moving Averages:
MA(7): 293.9
MA(25): 295.9
MA(99): 164.5
🎯 Trade Idea (Recovery / Bounce Play)
Entry Zone: 285.0 - 295.0
(Near current price & MA(7)/MA(25) convergence)
Take Profit (TP):
· TP1: 320.0
· TP2: 343.4 (Recent resistance)
· TP3: 360.0 (24h High)
Stop Loss (SL): 265.0
(Below local support and sharp drop zone)
⚠️ High-Risk Scenario (If breakdown continues):
· Monitor 199.5 (24h Low) as major support.
· Only consider long re-entry if strong bounce confirmed above 210–220.
📉 Volume & Trend Context:
· 24h range huge (199.5–360.0) – extreme volatility.
· Price still above MA(99) (164.5), long-term trend intact.
· Volume below MA(5) & MA(10), suggesting sell pressure easing.
· Token tagged Monitoring | Hot – expect high attention and sharp moves.
🚨 Risk Warning:
This is a high-risk, high-volatility asset. Use tight stops and small size. Not financial advice.
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