$BIFI
147
-16.19%
/USDT DeFi Giant on the Retreat: Will It Bounce Back?ð¥ð¯
$BIFI just took a heavy hit, dropping from highs near $182 to lows of $142.6. Despite the selloff, liquidity is still flowing, and the current price hovers near a short-term support base. A mean-reversion bounce is on the table if bulls show up.
ð¯ Entry
Buy zone: $142.5 â $147.0
This range covers the recent bottom and potential retest zone for early reversal signs.
ð¯ Targets
Target 1: $158.0 â minor resistance and EMA test
Target 2: $168.5 â key supply zone from the breakdown
Target 3: $180.0 â recovery peak from 24h high
ð Stop Loss
Place at $138.5 â below the local low, protecting against deeper dumps.
ð Key Levels
Support: $142.6 and $138.5
Resistance: $158.0 and $180.0
Pivot Level: $151.0 â reclaiming this flips bias bullish short-term
ð¡ Pro Tip
Volume divergence on the 1H chart + RSI below 30 suggests a potential bounce. But wait for confirmation â a bullish engulfing or hammer candle around $144 strengthens the setup. Use trailing stops if price pushes above $160.
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