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.
🧠 Important Facts Now:
➡️Price: Has risen a lot. At a new all-time high.
➡️Market Condition: Too hot. The RSI indicator on the 1H & 4H chart is severely overbought (79.5!).
➡️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.
➡️Volume: Starting to decrease. New buying interest is declining.
🎯 Important Levels Now:
🔺Resistance Zone (Sell Area): $46.0 - $47.07
🔻Support Zone (Buy Area): $41.52 (support line 1)** → **$39.19 (support line 2)
💡 Simple Strategy:
1️⃣DO NOT FOMO BUY NOW! Price is too high, big risk.
2️⃣WAIT for the price to reach $46.0 - $47.07.
3️⃣LOOK FOR SELL SIGNAL in that zone (e.g., big red candle, RSI dropping from the peak).
4️⃣If a sell signal appears, target down to $41.52** or **$39.19.
5️⃣Buy only if the price drops to support $39.19 and there are strong signs it will rise again.
⏳ Time Estimate: Correction could start in 6-24 hours ahead. Be careful.
✅ 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.
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#SinyalTrading 👉 Action now: NO TRADE. Wait at $46.0-$47.07 (to look for sell signals).