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RIVER Futures(RIVERUSDT) The interesting point about the current trend is that: the 15-minute chart is in a retracement, but the RSI on the 1-hour and 4-hour charts are still in the strong zone.
From the data, the 15m RSI is at 64.6 and in a retracement phase, but the 1h RSI has surged to 72.2, and the MACD histogram is still positive. The 4h RSI is even more exaggerated—already at 75.8, approaching overbought territory. It looks like the bulls are very strong, but the problem is: trading volume is indeed surging, yet the price hasn't broken the previous high, which is a bit awkward.
Let's review the key levels:
- The current price at 54.5 is the focal point of the battle between bulls and bears.
- A break above 56.0 confirms the upward move, then look at 58.0.
- If it falls below 53.0, then the tone changes, and focus shifts to 51.0.
How to operate? It's actually very simple. If the price really breaks through 56.0, you can chase the long position, targeting 58.0, but set the stop-loss at 55.0—don't be soft. Conversely, if it falls below 53.0, switch to short, targeting 51.0, with a stop-loss at 54.0. Currently, the price is oscillating in the 54.0 to 56.0 range. The safest approach is to wait and see, or take a very light position to test the bullish side. But once it hits 53.0, you must immediately admit defeat.
Be cautious of abnormal volume phenomena; chasing should be based on volume-price confirmation signals, not on wishful thinking or fantasy operations.