RIVER experienced a strong surge today, with the price breaking above 27.16 USDT. From a technical perspective, the RSI indicators across different timeframes still show some momentum support, but this is actually a warning sign. The 1-hour chart has already entered the overbought zone, with RSI approaching 68, accompanied by a surge in trading volume—this combination often signals the risk of sharp volatility in the short term.
Many traders, upon seeing this kind of market condition, instinctively want to chase the move. But if you've spent some time observing the market, you'll realize: not every rise is worth entering. The biggest test of human nature in the market isn't whether you dare to act, but whether you can hold back. When prices reach such extreme levels, rushing to buy can easily lead to losses from a pullback.
My current strategy is simple: wait and see. I wait for the price to complete its correction or for a more solid bottom formation during the consolidation phase, then look for relatively safe entry points. This isn't about missing opportunities, but about ensuring I have enough capital and the right mindset to seize the next one. Risk management always comes before profit; it's a necessary condition for surviving longer in this market.
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AirdropFreedom
· 5h ago
Honestly, this move is really weak... The RSI is almost overbought, and you still want to chase? It makes me uncomfortable just looking at it. Maybe we should wait and see for now.
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OnchainHolmes
· 5h ago
It's that time again... RSI is about to hit the overbought level, and people are still rushing in. Are you really not afraid of getting caught?
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MoonMathMagic
· 5h ago
Hmm... It's that overbought pattern in just 1 hour again. How many people have to pay tuition here?
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SchrodingersPaper
· 5h ago
27.16 is really attractive... No, I mean the risk... RSI is almost overbought, and people are still rushing in. This pullback is going to eat people.
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ZenChainWalker
· 5h ago
Coming back with this again? Waiting to be dumped?
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BagHolderTillRetire
· 5h ago
It's the same overbought signal again. Every time, someone rushes in only to get slapped in the face. Can't you learn, everyone?
RIVER experienced a strong surge today, with the price breaking above 27.16 USDT. From a technical perspective, the RSI indicators across different timeframes still show some momentum support, but this is actually a warning sign. The 1-hour chart has already entered the overbought zone, with RSI approaching 68, accompanied by a surge in trading volume—this combination often signals the risk of sharp volatility in the short term.
Many traders, upon seeing this kind of market condition, instinctively want to chase the move. But if you've spent some time observing the market, you'll realize: not every rise is worth entering. The biggest test of human nature in the market isn't whether you dare to act, but whether you can hold back. When prices reach such extreme levels, rushing to buy can easily lead to losses from a pullback.
My current strategy is simple: wait and see. I wait for the price to complete its correction or for a more solid bottom formation during the consolidation phase, then look for relatively safe entry points. This isn't about missing opportunities, but about ensuring I have enough capital and the right mindset to seize the next one. Risk management always comes before profit; it's a necessary condition for surviving longer in this market.