RIF surged 68% in 3 days from the June capitulation low — now volume vanishes and momentum flips bearish.
$RIF $0.0883 Short TP $0.0857 SL $0.0896
Yesterday's blow-off candle dumped 2.4x average volume hitting $0.0959, but today's volume collapsed 81% to just 13.4M vs the 71.4M peak — classic distribution exhaustion at resistance.
MACD histogram flipped negative at -0.00045 and the 15m chart prints continuous lower highs from the $0.0959 rejection, with each bounce drawing weaker buying pressure.
DYOR
$RIF $0.0883 Short TP $0.0857 SL $0.0896
Yesterday's blow-off candle dumped 2.4x average volume hitting $0.0959, but today's volume collapsed 81% to just 13.4M vs the 71.4M peak — classic distribution exhaustion at resistance.
MACD histogram flipped negative at -0.00045 and the 15m chart prints continuous lower highs from the $0.0959 rejection, with each bounce drawing weaker buying pressure.
DYOR