šØ $BIFI /USDT ā Downtrend Alert šØ
š» Current Price: $398.8 (-0.57%)
š» 24H Range: High $407.7 | Low $387.1
š Market Analysis:
BIFI/USDT continues to trade in a downtrend, respecting the descending trendline. A rejection at resistance near $410 has triggered bearish momentum, suggesting further downside risk toward the $380 support level.
š Key Levels:
Resistance: $410
Support: $380
Bearish Target: $360
ā ļø Outlook:
Watch for a breakdown below $380, which could accelerate the bearish move toward $360. Traders are advised to monitor for confirmation and adjust stop-losses accordingly.
š Trade Strategy:
Bears: Look for short entries below $380.
Bulls: A breakout above $410 may reverse the trend.
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