RIVER's recent market signals are quite clearly bearish. It has fallen 23.45% in 24 hours, with obvious selling pressure at high levels, and the price has deviated significantly from the moving average. Looking at the 14-day RSI, it has entered the high zone, and the overbought correction pressure is building.
How exactly to operate? If the price rebounds from the 23.50 level, consider entering a short position. The key confirmation point is a 4-hour close below 18.00.
Target levels are set as follows: the first target at 14.00, and if weakness continues, then 12.00.
Remember risk control: if the 4-hour close returns above 23.00, stop-loss must be executed.
The opportunity is right in front of you; those looking to short can prepare to jump in.
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MetaverseLandlord
· 16h ago
A 23% drop, that's really quite harsh, but I always feel that this is when it's easiest to get caught in a trap.
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MEVictim
· 19h ago
23.45% this decline seems to continue, RSI is already overbought, and there are still people taking the plunge?
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AllInAlice
· 01-09 22:12
Damn, RIVER's decline is really incredible. I just want to ask, who still dares to buy the dip here?
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CryptoSurvivor
· 01-08 05:17
23 bucks up and down that much, this time it's really fierce indeed.
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FarmHopper
· 01-07 17:49
Emptying? This position? I think I need to observe a bit more. If the 18-dollar line can't be broken, I won't enter even if I die.
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PanicSeller69
· 01-07 17:49
Over 23 bucks and still want to buy the dip? This time, it's probably going to break the line. My judgment is that it will definitely drop to 12.
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YieldChaser
· 01-07 17:48
Oh no, is RIVER about to collapse so soon? I haven't even reacted yet.
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tokenomics_truther
· 01-07 17:43
I'll short if it rebounds to 23.5; this time RIVER is definitely dead.
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AirdropBlackHole
· 01-07 17:31
A 23% drop is so fierce that the RSI can't hold up anymore. It's definitely time for the bears to come.
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DYORMaster
· 01-07 17:30
I've been watching the short position setup for a while. Enter the short position decisively on the 23.5 rebound.
RIVER's recent market signals are quite clearly bearish. It has fallen 23.45% in 24 hours, with obvious selling pressure at high levels, and the price has deviated significantly from the moving average. Looking at the 14-day RSI, it has entered the high zone, and the overbought correction pressure is building.
How exactly to operate? If the price rebounds from the 23.50 level, consider entering a short position. The key confirmation point is a 4-hour close below 18.00.
Target levels are set as follows: the first target at 14.00, and if weakness continues, then 12.00.
Remember risk control: if the 4-hour close returns above 23.00, stop-loss must be executed.
The opportunity is right in front of you; those looking to short can prepare to jump in.