RIVER's recent technical features are beginning to release some noteworthy signals. From the candlestick performance, the divergence rate has already reached a high level for this phase, and the deviation between the price and the moving average has hit a recent extreme—under such conditions, the market usually needs to adjust to restore balance.



The details of the market are even more interesting. The area around 27.70 repeatedly shows long upper shadows, and trading volume is also shrinking, which suggests that buying pressure at this price level is losing its momentum. If you look closely at this trend, it's hard not to notice that what the main force might be doing here is the final stage of chip consolidation.

From a trading perspective, some aggressive long traders may need to reassess the risks. If the correction truly begins:

• Key observation level: 27.70 — a litmus test for bullish and bearish forces
• First target: 23.50
• Further breakdown target: around 19.00
• Risk control line: set at the 30.00 integer level

It’s worth pondering that corrections with such high divergence rates tend to be very rapid. If you position for a short at this point, even a 1% pullback, with 20x leverage, can turn into a 20% profit. Of course, the market is always a game of probabilities, and discipline in stop-losses is equally important. When everyone is crazy, calmly confirming the most certain profit space is actually a clearer choice.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
LiquidityWitchvip
· 49m ago
If 27.70 can't be broken, don't worry about it. The main players haven't even moved yet.
View OriginalReply0
DegenDreamervip
· 3h ago
27.70 breaking or not is the key; this time it really feels like it needs to be adjusted.
View OriginalReply0
GateUser-afe07a92vip
· 3h ago
27.70 If I can't break through, I don't believe in this theory
View OriginalReply0
CountdownToBrokevip
· 4h ago
27.70 breaking through and then just short to 19? I love this logic, it's a bit like metaphysics haha
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)