RIVER shows a clear structural convergence trend on the hourly level, and the direction judgment during this phase is crucial. From the perspective of Trading Volume and price changes, the probability of an upward breakout is relatively favorable. However, don't forget that the current market atmosphere is heavily influenced by the Bear Market, and the risk of a breakdown also exists.
Regardless of whether your strategy is to go long or short, setting price alerts is a necessary defensive measure. Pay close attention to the resistance level at 7.1; a valid breakout here would signal a new bullish trend. The support level below is at 3.75, and a breakdown here could trigger a chain reaction. The market changes rapidly, so it's important to adjust your positions in a timely manner.
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RIVER shows a clear structural convergence trend on the hourly level, and the direction judgment during this phase is crucial. From the perspective of Trading Volume and price changes, the probability of an upward breakout is relatively favorable. However, don't forget that the current market atmosphere is heavily influenced by the Bear Market, and the risk of a breakdown also exists.
Regardless of whether your strategy is to go long or short, setting price alerts is a necessary defensive measure. Pay close attention to the resistance level at 7.1; a valid breakout here would signal a new bullish trend. The support level below is at 3.75, and a breakdown here could trigger a chain reaction. The market changes rapidly, so it's important to adjust your positions in a timely manner.