🚀 22% surge! #RIVERUSDT strong breakout, has the bullish trend been confirmed? (with key points)
🔥 Today's RIVERUSDT perpetual contract surged over 22% in a single day, strongly rising from a low of 12.640, with the technical outlook fully turning bullish!
Core bullish signals ✅
- Moving averages in bullish arrangement: EMA/MA moving averages are all diverging upwards, and the price has stabilized above the moving averages, indicating a strong bullish structure.
- MACD golden cross expanding: DIF is above DEA, and the MACD bars continue to expand, indicating sufficient upward momentum.
- Volume confirmation: The hourly chart shows a significant increase in volume, with funds actively entering the market.
- Bottom reversal confirmation: Strong breakthrough from the low of 12.640, with the 4-hour chart confirming the bottom reversal.
Short-term risks ⚠️
- RSI severely overbought: 1-hour RSI(6) reached 91.25, may pull back or consolidate at any time.
- High volatility characteristics: Historical surges and drops, categorized as a high-risk “meme coin.”
- Perpetual contract characteristics: Negative premium short squeeze may amplify volatility, beware of extreme market conditions.
Key points 📊
- Support levels: 14.60 → 13.90 → 13.10
- Resistance levels: 16.00 → 17.50 → 20.00
Operational suggestions 📝
- Follow the trend, rely on EMA7 for light position following.
- Take profits in batches, gradually reduce positions around 16.00 and 17.50.
- Strict stop-loss (if it drops below 14.60), control position size.
⚠️ Market volatility is extremely high, this analysis is for reference only and does not constitute investment advice.