RIVER has exhibited a typical bearish signal combination.
The current price has broken below the middle band of the Bollinger Bands (15.439), the MACD has shown a clear death cross downward, RSI(6) has plunged into the oversold area (27.30), and the J value of KDJ has dropped to 9.93, indicating strong bearish momentum. The rebound momentum is clearly insufficient; if it cannot quickly regain the middle band, it is likely to continue testing the lower band.
Multiple indicators are resonating downward, and the short-term bearish strategy is relatively clear.
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LiquidityWitch
· 01-12 10:30
The bearish signal is so obvious. Why wait to bottom out before buying?
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GasBankrupter
· 01-11 16:31
Another death cross death cross, is this really the end or is the wolf really coming?
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The bears are fierce as hell, I said the same last time, and what was the result?
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Enter at 14.04? I'm thinking of waiting and watching, afraid of chasing the high.
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This technical chart indeed shows no significant rebound strength, I agree with the short-term bearish approach.
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If it drops below the middle band, it's over, no need to think too much.
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KDJ dropping to single digits is a bit outrageous, feels like a rebound is coming.
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Should I cut my losses again or bottom fish? Damn, I'm conflicted.
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OnchainDetectiveBing
· 01-11 14:53
Once again, a full set of bearish signals. RIVER is probably going to break below support this time.
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SandwichDetector
· 01-09 10:57
The death cross is so obvious. It would be unreasonable for the bears not to buy the dip. See you around 14 dollars.
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MemeTokenGenius
· 01-09 10:57
Oh no, this wave of RIVER has directly followed a textbook-level bearish trend. Opportunities like this, with multiple indicators resonating, are not common.
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GateUser-9ad11037
· 01-09 10:56
The bearish signals are so strong, J-value has dropped to single digits. This time really is different.
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GateUser-e87b21ee
· 01-09 10:53
The bears are so fierce that the rebound can't hold, and this lower band is probably going to get kicked.
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DegenDreamer
· 01-09 10:53
Once again, the classic dead cross oversold trick, RIVER really looks like it's going to go down this time.
RIVER has exhibited a typical bearish signal combination.
The current price has broken below the middle band of the Bollinger Bands (15.439), the MACD has shown a clear death cross downward, RSI(6) has plunged into the oversold area (27.30), and the J value of KDJ has dropped to 9.93, indicating strong bearish momentum. The rebound momentum is clearly insufficient; if it cannot quickly regain the middle band, it is likely to continue testing the lower band.
Trading suggestions:
· Entry range: 14.04-14.10
· Stop-loss level: 15.45 (above the middle band)
· Target level: 14.23 (near the lower band)
Multiple indicators are resonating downward, and the short-term bearish strategy is relatively clear.