$BIFI /USDT TECHNICAL ANALYSIS
SHORT TRADE SIGNAL
The chart for BIFI/USDT on the 1-hour timeframe shows a clear rejection from the recent high of 322.2. After an explosive vertical rally, the price has entered a distribution phase, breaking below the short-term EMA(7) and EMA(25). This indicates that the initial buying momentum has exhausted, and the market is now leaning toward a correction or consolidation.
Trade Setup
Entry Zone: $225.0 – $235.0 (Sell on rallies or current market price)
Take Profit 1 (TP1): $214.6 (Confluence with EMA-25)
Take Profit 2 (TP2): $195.9 (Major psychological level and previous support)
Take Profit 3 (TP3): $169.5 (Alignment with EMA-99)
Stop Loss (SL): $255.0 (Above the recent consolidation wick)
Short Outlook of Market
The broader crypto market is currently in a "Risk-Off" or consolidative state as Bitcoin stabilizes around the $90,000–$94,000 range. While BIFI has outperformed recently due to its low circulating supply, the technical structure now suggests a mean reversion. Traders should expect high volatility, but the inability to hold above the $240 level signals a bearish shift in the immediate short-term trend.
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