RIVER Latest Update: Surging Wildly, But Caution!
The price of RIVER has reached $44.91 (up 27% today, 830% in a month!). However, this is a dangerous zone.
đ§ Important Facts Now:
âĄď¸Price: Has risen a lot. At a new all-time high.
âĄď¸Market Condition: Too hot. The RSI indicator on the 1H & 4H chart is severely overbought (79.5!).
âĄď¸Strong Danger Signal: Funding rate VERY NEGATIVE (-1.79%). This means traders who buy (long) pay large fees to those who sell (short). This is usually a sign that a correction down is imminent.
âĄď¸Volume: Starting to decrease. New buying interest is declining.
đŻ Important Levels Now:
đşResistance Zone (Sell Area): $46.0 - $47.07
đťSupport Zone (Buy Area): $41.52 (support line 1)** â **$39.19 (support line 2)
đĄ Simple Strategy:
1ď¸âŁDO NOT FOMO BUY NOW! Price is too high, big risk.
2ď¸âŁWAIT for the price to reach $46.0 - $47.07.
3ď¸âŁLOOK FOR SELL SIGNAL in that zone (e.g., big red candle, RSI dropping from the peak).
4ď¸âŁIf a sell signal appears, target down to $41.52** or **$39.19.
5ď¸âŁBuy only if the price drops to support $39.19 and there are strong signs it will rise again.
âł Time Estimate: Correction could start in 6-24 hours ahead. Be careful.
â
The Bottom Line: The rally is still ongoing, but the danger signals are already lit. Don't be greedy. Be patient and wait for selling opportunities in the high resistance zone, or wait for a correction first to find safer buying opportunities.
#RİVER #RIVERUSDTć°¸çť #RIVERčłĺ°5Uä¸ä¸Ş #trading #Crypto
#SinyalTrading đ Action now: NO TRADE. Wait at $46.0-$47.07 (to look for sell signals).