How do you do dear followers,
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for RIFUSDT
In this chart, R2 and R1 are the resistance areas in which the unsuccessful triumphs of price is clearly seen. And at the bottom of the chart, we see S1 which is our long-term support line and includes the support of price at different points since the past. The price past trend expresses a noticeable decline toward S1 area after not receiving support and not being able to rise more at R2. Then through experiencing several support at S1 line, the price could rise upward but by the last rejection besides having shadows in the last candles, it meant that the pressure of sellers was so high that the price faced another decline down to our support line. Presently the price is fluctuating over this line and our prediction would involve more support and fixation besides having some confirmation candles in order to rise and then an increase is predicted there for the price to touch R1 or R2 areas. You know that these areas are great points to save your profits. So wait for the retesting process and then enter trading and wait for the time to withdraw your profits and have more logical trades and less losses. If possibly the price is not supported at S1 and moves below this area, the price would reach our stop-loss point and then through some supportive signs and fixation there, there would be a high probability of an increase upward. Bear in mind that it is highly recommended to wait for some confirmation candles and make sure of your next action in trading. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for RIFUSDT
In this chart, R2 and R1 are the resistance areas in which the unsuccessful triumphs of price is clearly seen. And at the bottom of the chart, we see S1 which is our long-term support line and includes the support of price at different points since the past. The price past trend expresses a noticeable decline toward S1 area after not receiving support and not being able to rise more at R2. Then through experiencing several support at S1 line, the price could rise upward but by the last rejection besides having shadows in the last candles, it meant that the pressure of sellers was so high that the price faced another decline down to our support line. Presently the price is fluctuating over this line and our prediction would involve more support and fixation besides having some confirmation candles in order to rise and then an increase is predicted there for the price to touch R1 or R2 areas. You know that these areas are great points to save your profits. So wait for the retesting process and then enter trading and wait for the time to withdraw your profits and have more logical trades and less losses. If possibly the price is not supported at S1 and moves below this area, the price would reach our stop-loss point and then through some supportive signs and fixation there, there would be a high probability of an increase upward. Bear in mind that it is highly recommended to wait for some confirmation candles and make sure of your next action in trading. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time