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$RIF Trade Idea (4H Chart):
▶️ Entry Zone: 0.11157 - 0.11455
🛑 Stop Loss: 0.10016 (below EMA(25))
🎯 Take Profit 1: 0.11862 (24h high)
🎯 Take Profit 2: 0.12000 (psychological level)
Analysis:
🔹 Price surged well above all EMAs, showing very strong bullish momentum
🔹 Significant jump from recent lows to current 0.11455
🔹 RSI(14) at 74.98657, indicating overbought conditions
🔹 MACD positive at 0.00182, confirming strong uptrend
🔹 24h gain of 19.07%, suggesting extremely strong buying pressure
🔹 High trading volume (227.40M USDT in 24h) indicates high interest
Rationale: Looking to enter on a potential small pullback after a strong
surge. Multiple targets to secure profits while allowing for potential
continued upside.
⚠️ Caution:
- Price has risen sharply, high potential for pullback or consolidation
- RSI in overbought territory, suggesting possible reversal
- Extremely volatile price action, use strict risk management
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