🔥 $BIFI Bullish Setup (4H Timeframe)
📊 Market Structure:
The $BIFI /USDT pair is currently showing a significant recovery on the 4-hour chart. After a period of consolidation following a massive spike earlier this month, the price has successfully reclaimed its key moving averages. We are seeing a "higher low" formation, and the recent candle has broken above the EMA(20), EMA(50), and EMA(200) simultaneously. This "triple breakout" suggests that the medium-term trend is shifting from neutral to strongly bullish.
🟢 Support Zone:
* Primary Support: $181.0 - $185.0 (Confluence of EMA 20 and 50).
* Major Support: $173.4 (EMA 200), which must hold to maintain the bullish structure.
🔴 Resistance Zone:
* Immediate Resistance: $212.0 (Recent 24h high).
* Major Resistance: $240.0 and the previous peak near $322.0.
🎯 Trade Idea:
A high-probability entry would be on a retest of the $185.0 support zone or a confirmed breakout above $212.0 with high volume. If the price sustains above the EMAs, the next logical targets are the $240.0 and $280.0 levels.
⚠️ Risk Management:
Always protect your capital. It is recommended to follow the 1–2% risk rule—never risk more than 1–2% of your total account balance on a single trade. Consider placing a Stop Loss below the $173.0 level (EMA 200) to invalidate the setup if the market turns.
💡 Bias:
Bullish. The trend remains positive as long as $BIFI stays above the EMA 200. The recent 17% gain shows strong buyer interest and potential for further upside.
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