【$RIF Signal】Pullback on multiple callbacks, 1H sharp rise followed by a fall to shake out traders

$RIF 0.07091, 4H Bollinger Band upper band at 0.0717 shows clear resistance.
A large bearish candle on the 1-hour chart with increased volume, dropping straight from 0.0765, releasing selling pressure.
MACD histogram narrows, bullish momentum diminishes.
Funding rate is steady at 0.005%, support remains solid in the 0.064-0.070 range below.
From a risk-reward perspective, if the sharp decline stabilizes here, the rebound potential is greater than the risk of further deep decline.
🎯Direction: Long (place order)
⚡Entry: 0.06950 (recommended entry zone slightly below the midline)
🛑Stop Loss: 0.05910
🚀Target 1: 0.07508
🚀Target 2: 0.08041
🛡️Trade management:
- Reduce 50% of position at Target 1, move stop loss to entry price.
- Exit if price drops below 0.06900.
Deep logic: 4H Bollinger Bands are opening, but the 1H quick pullback near the middle band indicates bulls haven't fully dissipated.
Order book Bid/Ask 1.13 shows strong buy support below, with obvious short-term shakeout characteristics.
If the price holds above 0.0685, there's a high probability of rebounding to above 0.074.
Check real-time market 👇 $RIF
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