RIVER's recent trend is quite interesting. The price is consolidating around 35.8, and it seems that the rebound is losing momentum. The technical signals are also quite clear—several indicators are pointing in the same direction: a correction is needed.
**How to enter this wave**
Look for opportunities to short between 35.5 and 36. The current price at 35.8 is basically hugging the upper Bollinger Band (around 37.7), and RSI has already surged to 81.45. The KDJ is also in overbought territory with all three lines above 80. In other words, the rally has gone a bit too far. The MACD histogram is shrinking, and the gap between DIF and DEA is narrowing, with a death cross approaching. All these signals together make the shorting logic very clear.
**How to set stop-loss**
If the price breaks above 38, it indicates that the bulls still have strength. At this point, take profits and avoid holding on stubbornly.
**Profit-taking plan in stages**
The first target is set at 30. This is the lower boundary of the previous consolidation and a relatively obvious support level. Once reached, you can take 50% of the position off the table and continue holding the rest.
The second target is at 25. This is a deeper support zone, close to the previous low of 16.14, representing a meaningful support level. The remaining position can be fully exited here.
**Key levels overview**
Looking down, support levels are sequentially 32.5 (first), 30, and 25. Looking up, resistance levels are at 37.7 (Bollinger Band) and 42.8 (historical high).
**Risk warning**
This asset is quite volatile. If 32.5 is broken, the decline may accelerate. If unexpected good news causes a breakout above 38, stop-loss immediately. Adjust your strategy based on real-time market conditions; do not rigidly stick to a fixed plan.
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TravelingThroughTimeAndSpaceIn
· 12h ago
Can you be bolder 3-5
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SingleForYears
· 12h ago
RSI has already hit 81 and still hasn't moved, this is overbought, it definitely needs to adjust.
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DefiSecurityGuard
· 12h ago
⚠️ CRITICAL: RSI at 81.45 screams honeypot setup patterns i've flagged 47 times this cycle. those "support levels" you listed? classic rugpull indicator coordinates. DYOR before touching this exploit vector, seriously.
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Blockwatcher9000
· 12h ago
RSI81 has already soared to the sky. This wave of short positions is indeed interesting, but caution is still advised.
RIVER's recent trend is quite interesting. The price is consolidating around 35.8, and it seems that the rebound is losing momentum. The technical signals are also quite clear—several indicators are pointing in the same direction: a correction is needed.
**How to enter this wave**
Look for opportunities to short between 35.5 and 36. The current price at 35.8 is basically hugging the upper Bollinger Band (around 37.7), and RSI has already surged to 81.45. The KDJ is also in overbought territory with all three lines above 80. In other words, the rally has gone a bit too far. The MACD histogram is shrinking, and the gap between DIF and DEA is narrowing, with a death cross approaching. All these signals together make the shorting logic very clear.
**How to set stop-loss**
If the price breaks above 38, it indicates that the bulls still have strength. At this point, take profits and avoid holding on stubbornly.
**Profit-taking plan in stages**
The first target is set at 30. This is the lower boundary of the previous consolidation and a relatively obvious support level. Once reached, you can take 50% of the position off the table and continue holding the rest.
The second target is at 25. This is a deeper support zone, close to the previous low of 16.14, representing a meaningful support level. The remaining position can be fully exited here.
**Key levels overview**
Looking down, support levels are sequentially 32.5 (first), 30, and 25. Looking up, resistance levels are at 37.7 (Bollinger Band) and 42.8 (historical high).
**Risk warning**
This asset is quite volatile. If 32.5 is broken, the decline may accelerate. If unexpected good news causes a breakout above 38, stop-loss immediately. Adjust your strategy based on real-time market conditions; do not rigidly stick to a fixed plan.