$RIF - Price just got body-slammed into the descending channel as sellers pile up aggressively near 0.09269. Once 0.08611 breaks, the floor could disappear fast 📉
Trade Plan: Short $RIF
✅ Entry: 0.085 – 0.095
⛔ SL: 0.10021
🎯 TP: 1️⃣ 0.05596 | 2️⃣ 0.03901 | 3️⃣ 0.02816
⚠️ Strategy: Adjust Quantities to that much you can afford to lose.
🧑💻 Why this Setup?
The recent bounce appears to be losing momentum as price collides directly with descending channel resistance near 0.09269. Selling pressure continues building while buyers struggle to reclaim higher levels. If 0.08611 gives way, downside momentum could accelerate rapidly and trigger a broad sweep of lower liquidity zones.
Click Here to Trade 👉 $RIF
Trade Plan: Short $RIF
✅ Entry: 0.085 – 0.095
⛔ SL: 0.10021
🎯 TP: 1️⃣ 0.05596 | 2️⃣ 0.03901 | 3️⃣ 0.02816
⚠️ Strategy: Adjust Quantities to that much you can afford to lose.
🧑💻 Why this Setup?
The recent bounce appears to be losing momentum as price collides directly with descending channel resistance near 0.09269. Selling pressure continues building while buyers struggle to reclaim higher levels. If 0.08611 gives way, downside momentum could accelerate rapidly and trigger a broad sweep of lower liquidity zones.
Click Here to Trade 👉 $RIF