🔥 From 1000U to 745U, I still believe I can do it!
When I first received my salary and invested 1000U, I, like all newcomers, was filled with dreams of "doubling my money in a month."
But reality gave me a harsh lesson: chasing highs and getting trapped, cutting losses at the lowest point, watching my account drop from 1030U to 863U, and then to 745U.
At that time, I sat in front of the screen, bitterly smiling, feeling that even earning 1U was a luxury.
But I didn't leave. I understood that in the crypto world, there is no beginner's protection period, only a growth path of "paying tuition → learning lessons → becoming professional."
Now looking at this 745U, I am no longer anxious. This is not a loss; it is my first "real combat entry ticket" in the crypto world. I believe that as long as I maintain a stable mindset and slowly accumulate, there will come a day when I can raise these numbers again, or even go further.
Newbies, don't be afraid of temporary declines; we are all stumbling along the way, earning back our confidence!💪
Xiao Bai is destined to lose money, there is still 1030 on January 13th, I have lost over 100 in the past few days, how do you manage to make money? Is it still suitable to buy this $RIVER now?
1. Short-term rebound after a sharp drop: Within 24 hours, the price fell from a high of $2.8623 to a low of $1.6660, a significant drop, followed by a rebound to around $2.01. Currently, it is still about 28% lower than the recent high point, indicating a weak recovery after a sharp decline.
2. Clear moving average suppression: In the 1-hour chart, the price is below the EMA(7), EMA(25), and EMA(99). The 4-hour chart has not risen above the short-term EMA moving averages, indicating that the medium-term downtrend has not changed, and the rebound strength is limited.
II. Volume and Indicators
1. Trading volume: During the decline, the trading volume increased, and during the rebound, the volume shrank, reflecting insufficient buying support, and the rebound lacks volume support.
2. RSI indicator: The 1-hour RSI(6) has risen to 51.44 (close to neutral and slightly strong), but the 4-hour RSI is still in the weak zone below 50, indicating a short-term oversold rebound, while the medium-term remains weak.
III. Key Support and Resistance
• Support level: $1.6660 (24-hour low) is a strong short-term support. If it breaks, it may further decline; $2.00 is a psychological level, and breaking below it would end the rebound trend.
• Resistance level: $2.16 (EMA25) and $2.29 (EMA99) are the main resistances. Only by surpassing these levels can the short-term weakness be reversed.