🚀 $RIF Idea (4-Hour Chart) 🚀

▶️ Entry Zone: 0.0720 (Current price)

🛑 Stop Loss: 0.0701 (24h Low)

🎯 Take Profit 1: 0.0760 (50 EMA)

🎯 Take Profit 2: 0.1074 (Next resistance level)

RIFUSDT

Perp

0.03198

+1.10%

📊 Analysis:

* Price is currently below the 50 EMA, indicating a bearish trend on the 4-hour timeframe.

* After reaching a low of 0.0561, the price has shown some recovery but remains under pressure below the 50 EMA.

* RSI(14) at 41.8820 indicates the market is neither overbought nor oversold, showing room for potential movement in either direction.

* The MACD line is below the signal line, with a negative histogram, indicating ongoing bearish momentum.

The current setup suggests that RIF/USDT remains in a bearish trend but could see a short-term recovery if it breaks above the 50 EMA. Traders should watch for signs of a reversal but remain cautious given the bearish momentum.

⚠️ Caution:

* The RSI indicates a neutral market condition, allowing for movement in either direction.

* As long as the price remains below the 50 EMA, the overall trend is bearish.

* Use tight stop-loss orders to manage risk, especially in a volatile market.

#RIF #USDT #TradingStrategy #TechnicalAnalysis #CryptoTrading