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RIVER hovers around the 27.70 key resistance level, with technical patterns indicating that the parabolic rally is approaching its limit. From a market psychology perspective, when a certain asset's gains exceed market expectations, it often signals a critical point for a pullback. The 27.70 price level has attracted many late-entry traders, but it is also a zone of high risk concentration.
From a technical analysis standpoint, professional traders typically set clear trading plans at high levels: in terms of entry strategy, decisively short at the 27.70 level; for profit targets, initially aiming for 23.50, expecting a significant decline; for risk management, using 30.00 as a stop-loss level, and exiting promptly if the price stabilizes at that level.
The core idea is to capture high-level pullback opportunities through strict risk management and disciplined execution. This trading approach emphasizes not blindly chasing highs but entering precisely when clear technical signals appear.