📉Analyzed the situation for BIFI/USDT. The technical picture here is secondary: the asset is under pressure from delisting, which means classic technical analysis rules no longer apply.

Analytical thesis

Despite the extreme overbought condition on the RSI (28.7) on the monthly chart, any attempt to 'catch a falling knife' right now is a game of chance. We see an aggressive drop below the key zone of 100, and the lack of buyers at these levels confirms institutional exit from the position.

Verdict: STAY AWAY

  • Risk factor: Delisting destroys liquidity. The order book is thinning, leading to uncontrollable squeezes.

  • Result: I categorically refrain from any purchases. Even with a bounce to 137-141, this will only be an opportunity to close the remaining positions on 'the knee' of retail.

Smart money is not entering here; they are exiting. Preserving capital is more important now than any potential profit from a 'dead bounce'. 🚫🩹 $BIFI

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