$RIVER Technical Analysis (1H level is bullish, daily is still weak)
K-line Structure
Recently, multiple long lower shadows have appeared, indicating strong buying willingness below
After a sharp rise to 3.52, it quickly fell back, forming a long upper shadow, with obvious short-term selling pressure
Intraday fluctuations have significantly increased, in a high volatility market phase
Technical Indicators
MACD:
1H level DIF / DEA has crossed above the zero line and continues to expand, short-term rebound momentum is still present
The daily line is still below the zero line, and the medium-term trend has not reversed
RSI:
1H RSI(14) is running in the 50–60 range, not entering overbought
Daily RSI ≈ 41.6, medium-term is still weak
EMA:
Price has risen above EMA7 and EMA30
The upper side is significantly suppressed by EMA120, limiting the rebound space
Volume Structure
Key breakout nodes show obvious volume increase
Volume decreases during the pullback phase
The daily line shows increased volume during rises / decreased volume during falls, belonging to a technical rebound volume structure
【Trading Range Reference】
Bullish Layout
Buying Range One: 3
Buying Range Two: 2.95
Bullish Stop Loss: 2.9
Bearish Focus
Selling Range One: 3.25
Selling Range Two: 3.35
Bearish Stop Loss: 3.45
Conclusion
1H Level: The short-term bullish rebound structure is still present
Daily Level: The trend has not reversed, more viewed as a rebound rather than a reversal
In a high volatility phase, it is recommended to trade with light positions + strict stop loss, do not chase the rise