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🚨 30min urgent market update: rebound meets resistance, the real "life and death line" is approaching! 📉
Family members, keep an eye on this structure! $RIVER 30 The minute level did not have the expected strong reversal, the current trend is very promising but also full of traps.
Highlights breakdown:
58.0 Iron head resistance: the rebound formed a clear LH (lower high) near 58.0, declaring the V-shaped reversal dream shattered, and has now entered a downward selling phase.
The awkward price of 46.198: this position belongs to the "halfway up", neither up nor down. Never blindly bottom-fish or chase shorts here, the risk-reward ratio is extremely poor.
Ultimate suspense 37.227: this was the previous "big bottom". In the theory of Chan, as long as this downward movement does not break 37.227, we will welcome the most fragrant **"second type buying point (2B)"**!
Battle guide:
Patient faction: wait for the price to fall back to the 38.5 - 43.5 range, look for a 15min bottom formation to enter, aiming for a double bottom rebound.
Trend-following faction: if 44.0 cannot hold, there is a high probability it will directly test the previous low or even create a new low.
⚠️ Fee alert: the current fee of -0.0227% is stabilizing, meaning the script of "violent short squeeze" is temporarily over, next we purely watch the technical battle!
What do you think, buddy? See you in the comments section.