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$RIF experienced a long liquidation around $0.06614, indicating that leveraged buyers were forced out of their positions. The liquidation reinforces bearish sentiment in the short term, with sellers maintaining control of the current market structure. If price fails to reclaim key resistance levels, further downside movement could follow as selling pressure remains elevated.
Entry: $0.0658 - $0.0665
SL: $0.0682
TP1: $0.0640
TP2: $0.0625
TP3: $0.0608
TP4: $0.0585
Momentum remains weak, and recent recovery attempts have been met with selling pressure. Watch support levels closely and trade with proper risk management.
Sell and Trade $RIF