🔥 Watch out for $BIFI /USDT, folks! After that brutal spike that took us up to $249.7, the price has been correcting strongly. Right now we see it at $175.9, and it has rebounded almost 9.19% in the last 24 hours! It's an interesting signal, but patience is key here.
🚨 Manipulation is the order of the day, as we see in those explosive movements followed by corrections. Don't get carried away by FOMO!
📉 We are navigating below the moving averages MA(7) at $178.4 and MA(25) at $184.5. Breaking those resistances will be crucial to see a real trend change! If the price stays above $156.1, we could be looking for a new bullish momentum. That level is our current closest support!
💰 The order book shows a demand at 17.26% against a supply of 82.74%. This tells us that there are more sellers than buyers at this moment. However, if buying volume starts to appear and we manage to break those moving averages, we could see an interesting rally. Keep an eye on that volume!
👀 For those considering an entry, we must wait for confirmation. A good scenario would be a clear break above the MA(25) with good volume. If not, we could see a retest of $156.1. HODL with your head and don’t be fooled by sharp movements!
Patience will be your best ally in this volatile market.
