$RIF is showing signs of exhaustion after a strong upward expansion, with price facing consistent rejection near the recent high zone. The failure to sustain above resistance and weakening bullish momentum suggests a potential short-term trend reversal.
On lower timeframes, structure is beginning to shift from higher highs to resistance compression, indicating distribution. If sellers gain control below the immediate support zone, downside continuation is likely.
Bearish Scenario:
A confirmed breakdown below the 0.0420 support zone opens the door for further downside movement toward deeper liquidity areas.
TP1: 0.0399
TP2: 0.0376
TP3: 0.0359
SL: 0.0467
The 0.0467 level acts as a strong invalidation zone. A sustained move above this area would negate the bearish outlook and signal renewed bullish strength.
RIFUSDT
Perp
0.03533
-11.85%