$RIF
USDT BEARISH PULLBACK SETUP AFTER RESISTANCE REJECTION
$RIFUSDT has delivered a sharp upside push but is now showing clear signs of rejection near the recent swing high. The failure to sustain above the upper resistance zone signals strong supply pressure and potential exhaustion after the impulsive rally.
Price action is beginning to compress beneath resistance, suggesting distribution rather than continuation. A breakdown below the immediate intraday support will confirm short-term structure shift and open the door for a corrective move toward lower liquidity zones.
With the broader trend still fragile and previous downside momentum not fully invalidated, the probability favors a bearish retracement before any sustainable bullish continuation.
Targets:
TP1: 0.03400
TP2: 0.03280
TP3: 0.03120
Stop Loss:
SL: 0.03690
Risk Management:
Risk only 1–2% of total capital per trade. Avoid chasing volatility and secure partial profits at TP1 while adjusting stop loss to reduce exposure.
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