$RIVER
【The opportunity for the rats to move has come】RIVERUSDT perpetual contract
Current price: $17.298
24h increase: +24.49%
24h low: $12.152, high: $17.648
Trading volume: 357 million USDT, quite large
Chart interpretation (4 hours):
From the high point of $33, it dropped all the way to $12, then rebounded to the current $17.
RSI 59.17 — Neutral to bullish, still some room
MACD DIF -0.494 / DEA -1.147, histogram turning green with golden cross formation, momentum is shifting bullish
Trading volume has significantly increased, the rebound is supported by volume, relatively healthy
However, overall still in the rebound phase of a major drop trend, with considerable pressure above
Operation suggestion:
Go long (follow the rebound)
Entry: 15.5～16.5 on pullback
Stop loss: $13.5 if it closes below
Target: $20 to take half; 23～24 for the remaining
Go short (wait for the rebound high)
Entry: 20～22 on the rise
Stop loss: $24.5
Target: $15
$RIVER
In one sentence:
From $12 up 24%, chasing long now is no longer at a low point. Wait for a pullback to 15～16.5 to enter long for more stability, or wait until it reaches $20+ to short. Top warning "ETH, XRP, and River face liquidation risks", be aware of significant liquidation pressure above.