$RIF /USDT BEARISH MOVE LIKELY AS PRICE STRUGGLES BELOW KEY RESISTANCE!
The $RIF/USDT pair has shown a -2.17% drop, currently trading around $0.0496, after failing to break the key intraday resistance at $0.0510. With the 24h low touching $0.0485, the price is showing signs of weakness, especially with repeated rejections near $0.0508 - $0.0510, suggesting bearish pressure in the short term. Additionally, descending lower highs on the 15m and 1h chart signal loss of upward momentum.
š» Trade Setup (Short Entry):
Entry: $0.0498 - $0.0502
Target 1: $0.0485
Target 2: $0.0475
Stop Loss: $0.0512
š Market Outlook:
If the price breaks below $0.0485 support with volume confirmation, a sharper decline towards $0.0475 is expected. Bullish reversal signals are currently weak; caution advised on long positions until breakout above $0.0512.
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