RIVER's recent market movement is indeed stimulating——from a high of $16.642 all the way down to $13.706, the entire process is like a falling object from the sky, with no surprises. Looking back at this rally, the 30-day increase reached 178.03%, and market sentiment was indeed ignited, but the good times didn't last long. Selling pressure at high levels exploded directly, causing the price to break through multiple support levels instantly. Even after rebounding to $14.024, it couldn't change the overall situation, and the intraday decline was hard-hit to 14.39%.

In terms of volume, the 24-hour trading volume exceeded 280 million USDT, with a trading volume of 18.1038 million. During the decline, the volume clearly increased. What does this indicate? Large funds are fleeing aggressively at high levels, and the previously accumulated upward momentum has been completely destroyed. The 7-day gains still show a paper profit of 40.54%, but short-term selling pressure has already become quite heavy.

If you want to operate now, you need to seriously consider these key levels:

For rebounds, don't rush to buy the dip. If you really want to bet on a super short-term rebound, wait until the price rebounds to the $14.50-$15.00 range, and try with a small position. But the prerequisite is that the price must stabilize above these resistance levels, and only after confirming support signals should you officially enter.

For short positions, the first target is $14.00, the second target is $13.50. If the downtrend hasn't stopped yet, consider $13.00 below. Place the stop-loss at $15.00; once the price breaks through this level, a short-term downtrend is likely to ease or even reverse.

My personal judgment is that this cliff-like plunge of RIVER mainly results from profit-taking concentrated on the sidelines. As long as the price doesn't break the $15.00 stop-loss level, there's no need to change the bearish outlook. For friends looking to go long, the risk of bottom-fishing at this stage is really high, and patience is needed until clear signs of stabilization appear before taking action; those shorting should also avoid blindly chasing the short, wait for a rebound to the resistance level before entering, so as to more safely capture profits from the decline.