$RIVER Sudden plunge 📉, the drop is not small, let's analyze the reasons and subsequent strategies together!

🔍 Reason analysis for the drop:

Data shows that the average fluctuation of the last 10 K-lines is -0.45%, and the market is in a state of high volatility. From the K-lines, among the last 10, there are 7 bearish lines, and there have been three consecutive bearish lines, indicating significant bearish strength.

The main reason may be profit-taking after the previous rise or influenced by the overall market sentiment. The fifth K-line experienced the largest fluctuation (2.69%) accompanied by high trading volume, showing that there is considerable selling pressure at that position, followed by a continuation of the downward trend.

🎯 Short-term trading strategy:

Data suggests "three consecutive bearish lines - possible overselling", which may be an opportunity for a short-term rebound. However, it is necessary to operate in conjunction with key points:

1. Overselling rebound strategy: If support can be obtained in the 3.35-3.40 USDT range and a bullish signal appears (such as a long lower shadow), a small position can be tried for a long order, with a stop-loss set below 3.30, targeting resistance near 3.55.

2. Trend break strategy: If the price effectively breaks below the 3.35 support, it may further explore downwards. Do not blindly catch the bottom; wait for clear stabilization signals.

⚠️ The overall market volatility is high, be sure to trade lightly and set good stop-losses! #RIVER