🔥 BIFI— Reversal after the dump. Long is a priority
Timeframe: 1H
After a hard drop from $165 → $101.4, the price found strong support and gave a sharp upward impulse. Currently, BIFI ~111$ (+7.45%), testing the key EMA21 (112.5$). The volume is high (16.4k BIFI/24h) — buyers are in the market, a recovery is forming after the panic.
📊 Brief on indicators
EMA: EMA21 (112.5$) — key zone. EMA50 (108.7$) and EMA99 (106.1$) below → structure for recovery
MACD: bearish momentum is fading, high probability of a bullish crossover
RSI: RSI(6) 33.9 — almost oversold, RSI(14) 49 — neutral, there is room for movement
Stochastic: in oversold territory — early reversal signal
Volume: spike on the rise — confirmation of interest
🧭 Trading plan
Main scenario: LONG
Consolidation above 112.5$ opens the way for continued growth.
🎯 Targets:
1️⃣ 126$ (+13.5%)
2️⃣ 140$ (+26%)
3️⃣ 154–165$ (+39–48%, retest of the high)
📍 Entry:
Aggressive: now / breakout at 112.5$
Conservative: retest of EMA21 as support or entry above 115$ with confirmation
⛔ Stop-loss:
106$ (below EMA50/99, risk ~4.5%)
Invalidation of the scenario — drop below 101.4$
Spot trading 👉$BIFI
