$RIF – BEARISH BREAKOUT ZONE, NEW LOWS IMMINENT
SUPPORT TURNED RESISTANCE. DOWNTREND STILL IN FULL FORCE.
$RIF continues to bleed after multiple failed bounce attempts. Price action has now broken below key horizontal support around $0.0576 and is retesting the same level as resistance. This confirms a bearish continuation pattern, with sellers clearly in control and momentum pushing toward lower targets.
SHORT ENTRY: $0.0576
STOP LOSS: $0.0582
TARGET: $0.0558
As long as $RIF stays below the reclaimed resistance, expect further downside extension toward the $0.0558 zone.
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