Recently, the trend of the RIVER token has been quite interesting. After a continuous rally, the current quote has reached 34.28, but if you look closely at the trading volume, the momentum is actually waning. This is a noteworthy signal.
From a technical perspective, both the 1-hour and 4-hour K-line charts are beginning to show signs of reversal. At this point, many traders might consider short positions in the range of 34.56 to 35.15. If the price declines, the psychological target is around 25.
Of course, every operation carries risks, and this is just an observation based on the current chart. The crypto market is highly volatile, and whether it will really drop to 25 depends on subsequent market sentiment and capital flow.
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NFTPessimist
· 10h ago
The detail of volume decay is well captured, but aiming for 25 feels a bit greedy...
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Another reversal signal, I've seen this routine too many times, and in the end, it's just a reverse trap to cut leeks
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The range from 34 to 35 is indeed worth trying, but who can guarantee it won't be directly pulled through? That's the nature of the crypto world
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Looks reliable, but I still don't believe it; I'd rather stay out of the market and watch the show
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Talking about technical analysis every day, but in the end, it's still about money; retail traders' guesses are almost as good as gambling
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The target of 25 is too idealistic; there's a high chance of a rebound and recovery in the middle, which is why I keep losing
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Wait, volume decay combined with a reversal signal? Isn't this a standard trap to lure in shorts?
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To be fair, this analysis isn't bad, but I just don't dare to place an order
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Nothing wrong with the words, but execution is easy to panic, and every time I buy the dip, I do it halfway up the mountain
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GateUser-a5fa8bd0
· 10h ago
The signal of declining trading volume is really unsustainable; it feels like it's going to crash.
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HodlOrRegret
· 10h ago
Still daring to chase after shrinking trading volume, this time you'll have to suffer the loss.
Recently, the trend of the RIVER token has been quite interesting. After a continuous rally, the current quote has reached 34.28, but if you look closely at the trading volume, the momentum is actually waning. This is a noteworthy signal.
From a technical perspective, both the 1-hour and 4-hour K-line charts are beginning to show signs of reversal. At this point, many traders might consider short positions in the range of 34.56 to 35.15. If the price declines, the psychological target is around 25.
Of course, every operation carries risks, and this is just an observation based on the current chart. The crypto market is highly volatile, and whether it will really drop to 25 depends on subsequent market sentiment and capital flow.