RIVER has indeed performed remarkably recently, increasing more than tenfold in half a month and becoming a star coin in the recent period. However, no matter how astonishing the rise of a coin is, it cannot avoid adjustments. At this current point, RIVER's situation is clearly changing.
From a technical perspective, the 1-hour K-line has shown a continuous weakening trend, and the daily chart has also displayed clear signs of decline. The downward pressure on the market is gradually becoming evident, and there is a high possibility of further downward movement in the short term.
If you are considering shorting, now could be a good opportunity to enter. The current trend indicates that RIVER still has considerable room to fall, and the technical signals do not show any clear signs of a rebound. For short-term traders, the risk-reward ratio at this stage is relatively favorable.
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TopBuyerForever
· 01-06 06:24
You're trying to shake me out again. I'm already completely trapped. Don't listen to these analyses. I've seen many 10x coins drop to zero in an instant.
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MetaMisery
· 01-03 19:50
The fate of tenfold coins is that they rise quickly and fall just as fast. This wave of RIVER is probably going to cause many people to cut their losses.
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DarkPoolWatcher
· 01-03 09:50
Tenfold coins are rising so quickly, they won't fall slowly either... The technical aspect is indeed a bit fierce.
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RebaseVictim
· 01-03 09:48
How could a tenfold coin not adjust? With such obvious bearish signals, who would dare to buy the dip?
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HappyToBeDumped
· 01-03 09:48
A tenfold increase, you should sell now. Buying in now could turn you into a losing rookie.
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LiquidatorFlash
· 01-03 09:44
Still want to short after a tenfold increase? The threshold has already become invalid. Beware of liquidation risks.
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ThatsNotARugPull
· 01-03 09:30
A tenfold increase and you're already gasping for air. This coin is indeed about to pull back. The short-selling opportunity in this wave is quite tempting.
RIVER has indeed performed remarkably recently, increasing more than tenfold in half a month and becoming a star coin in the recent period. However, no matter how astonishing the rise of a coin is, it cannot avoid adjustments. At this current point, RIVER's situation is clearly changing.
From a technical perspective, the 1-hour K-line has shown a continuous weakening trend, and the daily chart has also displayed clear signs of decline. The downward pressure on the market is gradually becoming evident, and there is a high possibility of further downward movement in the short term.
If you are considering shorting, now could be a good opportunity to enter. The current trend indicates that RIVER still has considerable room to fall, and the technical signals do not show any clear signs of a rebound. For short-term traders, the risk-reward ratio at this stage is relatively favorable.