$BIFI reportedly surged ~200% on Christmas Day due to low circulating supply and thin liquidity, not necessarily protocol fundamentals — a classic holiday liquidity pump.
It has seen a sharp impulsive rally driven by thin liquidity and low circulating supply, pushing price far above previous ranges. Momentum is strong, but price is now extended.
🛠 Indicators:
RSI: Overbought → strong trend but high pullback risk
Momentum: Bullish, driven by volatility rather than steady accumulation
Trend: Short-term bullish, medium-term uncertain until consolidation forms
🔑 Key Levels (Dynamic):
Immediate Support: Previous breakout zone / last strong impulse base
Invalidation: Loss of breakout structure on high volume
Resistance: Psychological levels above current price
📌 Trade Ideas:
✔ Pullback Play: Wait for retrace into prior support with volume drying up
✔ Breakout Continuation: Only trade strength if volume expands and structure holds
✔ Scalp Only: Volatility is high — best suited for short-term trades
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