RIVER's sudden drop hides secrets! The golden cross has just appeared; is it a trap for more buying or a desperate counterattack? $RIVER
Brothers, I am the Great Sage. Today's drop of RIVER has likely made many people anxious. Don't rush; let's break down the situation.
News
The overall market sentiment is cold, with RIVER's 24H drop exceeding 7%. However, on the daily level, it still maintains a 518% increase over six months, and the main forces have not completely left the market. The current selling pressure mainly comes from short-term panic selling, and there has been no significant transfer of large amounts on-chain, indicating that large funds are still observing.
News Summary
Overall bearish but not one-sided; the main forces have not fled. After the short-term panic is released, there is likely to be an opportunity for a rebound from oversold conditions.
Technical Analysis
The 1-hour chart is crucial: The MACD yellow and white lines have just formed a golden cross below the zero axis, and the red bars are continuously shortening, which is a signal of weakening downward momentum. The price is currently hovering around $14, with $15 being the first resistance level. If it can break through with volume, it will have a chance to test the high-pressure zone at $16.5. The support below is at $12.5, and if it breaks down, it will test the bottom support at $11.
Technical Summary
A golden cross has just appeared, bearish strength is weakening, and there is a short-term demand for a rebound. The $15 level is the dividing line between strength and weakness; if it stabilizes, we look at $16.5, but if it cannot hold, it may retrace to the $12.5-$13 range.
Operational Strategy
For those who are in cash, you can lightly short near $14.5, targeting $11-$12.5. If you are heavily positioned and stuck, don’t cut losses in panic; wait for a rebound to around $15 before reducing your position. Want to know exactly at which point to enter and where to set the safest stop-loss? The Great Sage Village has already given reminders; if you want to keep up, become a villager of the Great Sage!
Personal Opinion
After the sharp drop, the main forces are likely to first pull up with a golden cross to test $15; if there is insufficient follow-up buying, it may fall back and shake out positions. The probability of directly breaking below $12.5 is low; there’s no need to scare yourself at this level.
The market is always looking for opportunities amid volatility. If you want to keep up with the rhythm, pay close attention to the Great Sage, who will help you avoid traps and seize certain windows. #特朗普希望尽快结束对伊朗战争