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Can it still rise? Let's briefly chat about $RIF the market 🤔
From 0.12432 to 0.14267, the yield reached 290.84%. Many people took profits at high levels, increasing short-term selling pressure.
Key levels
Resistance at 0.143, to continue rising it needs to firmly hold above 0.146;
Support at 0.135, breaking below will trigger a deeper pullback.
Trading suggestions
Long: Don't chase highs. Wait for a pullback to 0.135-0.138 and stabilize before entering. Go long after breaking 0.143;
Short: If it bounces to 0.142-0.143 and cannot rise further, you can open a light short.
The market is fluctuating back and forth. If you can't understand, you can view the complete trading strategy.
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