🚨
$BIFI /USDT TRADE ALERT: SPOT & FUTURES STRATEGY 🚨
$BIFI is trading at $423.4, with a notable gain of 5.85%, showing bullish momentum after bouncing off key support.
Spot Trading Signal
• Entry Zone: $420 - $425
• Target 1: $440
• Target 2: $455
• Target 3: $470
• Stop Loss: $410
Strategy: Accumulate within the entry zone and aim for progressive profit-taking at the targets. Secure your trade with a stop loss to protect against sudden reversals.
Futures Trading Signal
Long Setup
• Entry Zone: $420 - $425
• Leverage: 5x-10x
• Target 1: $440
• Target 2: $455
• Target 3: $470
• Stop Loss: $410
Short Setup (if rejected at $430):
• Entry Zone: $430 - $440
• Target 1: $415
• Target 2: $400
• Stop Loss: $445
Key Levels to Watch
• Resistance Levels: $430 and $440 are critical breakout zones. A breach above $440 will likely push
$BIFI towards $455 and beyond.
• Support Levels: $420 and $410 are strong support zones. A drop below these levels could trigger a bearish trend.
⚠️ Risk Management Tips
• Use tight stop-loss levels for futures trades due to potential volatility.
• Avoid over-leveraging; stick to planned entry and exit points for optimal risk-reward balance.
#BIFI #CryptoSignals #SpotTrading #FuturesTrading #BinanceSquareFamily