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📊 RIVER ($RIVER ): Technical Bounce or Trap? Post-Crash Analysis
After a violent retracement that brought the price from highs above $80 to a local low of about $14.38, the RIVER token shows the first timid signs of life. But is it a real opportunity or just a "dead cat bounce"?
🔍 Technical Analysis:
Identified Support: The price seems to have found a temporary base around $14.40. From here, a small recovery has brought the token back above $18.00.
EMA and Trend: On the 1-hour and 4-hour chart, we are still significantly below the main moving averages (EMA 25 and 99). However, in the short term (15m), the price is attempting to cross above the EMA 7 (yellow), signaling possible immediate buying pressure.
Volumes: A slight increase in volumes is noted at the low, suggesting that some buyers are accumulating in this "oversold" area.
⚠️ Caution Signals:
Extreme Volatility: As indicated by the Binance disclaimer, the token is subject to strong fluctuations.
Gap from Cost Price: Many holders have an average price (cost price) around $25.70. As long as the price remains below this threshold, the selling pressure from those wanting to exit "at break-even" will be high.
💡 Conclusion:
A glimmer of hope opens up, but entry must be extremely cautious.
Strategy: A fractional entry (DCA) could make sense only if the support at $14 holds. A decisive close above $20 would confirm the start of a more structured recovery.
Disclaimer: This is not financial advice. Always do your own research (DYOR).
#RİVER #CryptoAnalysis #BinanceSquare
After a violent retracement that brought the price from highs above $80 to a local low of about $14.38, the RIVER token shows the first timid signs of life. But is it a real opportunity or just a "dead cat bounce"?
🔍 Technical Analysis:
Identified Support: The price seems to have found a temporary base around $14.40. From here, a small recovery has brought the token back above $18.00.
EMA and Trend: On the 1-hour and 4-hour chart, we are still significantly below the main moving averages (EMA 25 and 99). However, in the short term (15m), the price is attempting to cross above the EMA 7 (yellow), signaling possible immediate buying pressure.
Volumes: A slight increase in volumes is noted at the low, suggesting that some buyers are accumulating in this "oversold" area.
⚠️ Caution Signals:
Extreme Volatility: As indicated by the Binance disclaimer, the token is subject to strong fluctuations.
Gap from Cost Price: Many holders have an average price (cost price) around $25.70. As long as the price remains below this threshold, the selling pressure from those wanting to exit "at break-even" will be high.
💡 Conclusion:
A glimmer of hope opens up, but entry must be extremely cautious.
Strategy: A fractional entry (DCA) could make sense only if the support at $14 holds. A decisive close above $20 would confirm the start of a more structured recovery.
Disclaimer: This is not financial advice. Always do your own research (DYOR).
#RİVER #CryptoAnalysis #BinanceSquare
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
RIVERUSDT
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