2026-01-04 13:22:12

RIVER has formed a engulfing pattern on the daily chart. Combined with the top divergence signal on the 4-hour timeframe, the probability of a continued downward move in the short term is quite high. Based on the current technical performance, the next key support level is likely around 8.7. The recent price movements have indeed been signaling weakness. Without clear buying support, it will be difficult to halt the decline. Traders interested in this asset may want to keep an eye on this price range.

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BearMarketBro

· 01-06 08:48

Sinking pattern + top divergence, I need to keep an eye on the 8.7 level.

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Deconstructionist

· 01-04 13:43

See you on 8.7, anyway, this wave can't escape either.

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MEVHunterBearish

· 01-04 13:43

I have been watching the 8.7 level for a long time, and now I'm just waiting for the absorption pattern to fully develop.

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YieldHunter

· 01-04 13:31

ngl the divergence setup is textbook, but 8.7 feels like cope if volume doesn't confirm it... technically speaking degens always miss the reversal candle anyway

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TommyTeacher1

· 01-04 13:23

8.7 can it hold? Feels like it's about to break below.

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