RIEVR Alert! Macroscopic bloodletting combined with technical breakdown, is the target of this drop zero?
Brothers, RIEVR's trend is too disgusting. I just finished reading this analysis, and I feel chills down my back. If you have it in hand, run quickly! The current environment is too bad, even gods can't save it. Don't be fooled by the slight rebound now; the overall environment simply doesn't support a rise.
Those folks at the Federal Reserve are very stubborn, refusing to lower interest rates. A lot of money is just sitting in banks earning interest; who would want to buy such small trash coins? Plus, things are still happening in the Middle East, and oil prices are absurdly high. Everyone is afraid of "stagflation" and is fleeing. In this environment, small coins (Altcoins) are the first to be slaughtered, and RIEVR, being unknown, is even harder.
The fundamentals are purely air, relying entirely on storytelling. To be honest, I haven't heard of any explosive applications for this project. Now, with so many DeFi and AI coins, if it doesn't have a unique moat, it’s just swimming naked. There’s no TVL growth, no user base; it's purely a chips game. The fundamentals are now just a piece of waste paper, dependent entirely on the mood of the funds.
Looking at the chart, it's a standard meat grinder trend. Watching this four-hour chart, I can only think of two words: danger. The trend is bad; it fell from the high point. Now, although it has bounced to just below 2000, this is clearly a continuation of the downtrend. The moving averages are all in a bearish arrangement, pressing down hard. The volume is wrong: during the drop, the main forces increased volume to sell off, while during the rise, the volume shrank with no one taking over. This kind of rebound fools the fools. The range of 2000-2050 is all a red explosion zone. Now the price is just stuck below this threshold; if the bulls dare to charge up, they will immediately be pressed down by the bears.
My operating suggestion is for those who have goods in hand to run quickly. The rebound is your chance to escape; don't wait until 1966 breaks down and you get chopped on the floor. If you want to bottom fish, don't be foolish; going to catch flying knives now is just giving away money. Below 1900, or even lower, is waiting for you. If you want to short, find a position to act. When it rebounds to around 2000-2020, go short directly, placing a stop-loss above 2050; the win rate is very high.
For small coins like RIEVR, once the major market ETH and BTC are unstable, it will be the one that drops the hardest. If you think I’m talking nonsense, then tell me: besides faith and making promises, what reason does RIEVR have to not drop now? Waiting for a counter in the comments.
