RIVER's recent trend is indeed worth paying attention to. Looking at the 24-hour trading volume of 390 million, the trading activity is clearly following a downward trend, which is a warning sign.
Although the STOCHRSI indicator has rebounded slightly, it is still hovering near the oversold area, indicating that the bottom support is not yet stable. What is more concerning is that EMA99 remains firmly below 16.284, and the pressure from this line is quite evident.
This is not a simple short-term correction; it seems to be entering a phase of trend decline. Since the overall trend is so clear, shorting might be the better choice to follow the market rhythm. Setting a stop-loss above 15.8 would be safer, and the target below 15. For those interested in following, you can seize this opportunity together.
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CoinBasedThinking
· 01-09 04:10
The signal of volume and decline really cannot be ignored. With EMA99 resistance so firm, short-term bearishness is indeed reasonable.
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FlatTax
· 01-08 21:44
With such poor volume, don't expect a rebound, forget it, buddy.
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LucidSleepwalker
· 01-08 21:35
Talking about RIVER again, is it really going to break 15 this time? It seems that the EMA99 line is quite dead, with trading volume sluggish...
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BlockImposter
· 01-08 21:29
We really need to be cautious about the volume and decline, but is the EMA99 line really that strong? It feels like an overinterpretation.
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GasFeeSobber
· 01-08 21:26
It's the same story again. The trading volume has indeed shrunk, but I'm too scared to short...
RIVER's recent trend is indeed worth paying attention to. Looking at the 24-hour trading volume of 390 million, the trading activity is clearly following a downward trend, which is a warning sign.
Although the STOCHRSI indicator has rebounded slightly, it is still hovering near the oversold area, indicating that the bottom support is not yet stable. What is more concerning is that EMA99 remains firmly below 16.284, and the pressure from this line is quite evident.
This is not a simple short-term correction; it seems to be entering a phase of trend decline. Since the overall trend is so clear, shorting might be the better choice to follow the market rhythm. Setting a stop-loss above 15.8 would be safer, and the target below 15. For those interested in following, you can seize this opportunity together.