📉 $BIFI /USDT Technical Analysis (Short-Term View)
Current Price: 191.5 USDT
24h Change: 🔻 ~25% (heavy sell-off)
24h Range: 180.4 – 257.3
Volume: Declining after panic spike
🔍 Market Structure
BIFI has experienced a sharp breakdown from the 240–260 supply zone.
Strong bearish momentum indicates capitulation selling.
Price is now hovering just above a key demand area.
📊 Key Levels
🟢 Support Zones
180 – 175 USDT → Immediate demand (buyers defending so far)
150 – 145 USDT → Next major support if 180 breaks
110 – 100 USDT → Extreme downside / historical base
🔴 Resistance Zones
205 – 215 USDT → First recovery barrier
240 – 250 USDT → Strong supply / breakdown zone
285 – 290 USDT → Major trend reversal level
📈 Indicators Insight (General)
RSI: Likely deep in oversold → short-term bounce possible
Volume: Sell volume peaked → selling pressure may be slowing
Trend: Still bearish on 1H / 4H
🧠 Trading Scenarios
⚠️ Conservative Approach
Wait for confirmation above 205–210
Look for higher low on 1H before considering longs
⚡ Aggressive Bounce Play (High Risk)
Entry near 180–185
SL: Below 170
Targets: 205 → 225
📌 Summary
Trend is bearish, but price is at a critical support
Expect high volatility
Any bounce is a relief rally unless price reclaims 240+
⚠️ Not financial advice. Always manage risk and position size carefully.
If you want, I can also break this down on 15m / 1H / 4H timeframe or create a long/short trade setup 📊