2026-01-09 20:23:40

RIVER's recent decline appears to be an accelerated weakening after breaking support, and it must be said that the main force's intention to distribute is very obvious. Looking at the 1-hour chart, from the high of 16.642, it rapidly fell back to the current 12.406, with all short-term moving averages being broken—MA5(13.083), MA10(13.521), and MA20(14.440)—all shattered.

RSI(6) has already fallen to 26.721, entering the oversold zone, but what's more painful here is that there is no sign of a rebound at all. The MACD green bars are expanding, and the difference between DIF(-0.791) and DEA(-0.613) is also widening, indicating that the bulls have basically no strength to fight back.

From a technical perspective, it is indeed a signal to open a short position. The current price of 12.406 can consider shorting, with a stop-loss just above the previous high of 16.642. The first target is 12.192(, which is the lowest in 24 hours), and further down is the integer support level at 12.000.

For those holding trend positions, there is no problem with holding firmly, but short-term traders should take partial profits at support levels, avoiding being fooled by the false rebound under the oversold condition—second waves of sell-offs usually follow immediately.

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DefiPlaybook

· 11h ago

The main force's move to dump the market is indeed fierce, RSI is already in oversold territory with no sign of rebound. This isn't just about cutting the leeks, it's about uprooting them entirely. --- Below 12 dollars is the integer threshold. Whether it breaks this time will determine the future pattern... Let me see if there are whales on the chain absorbing the supply. --- To be honest, I've seen many tricks of诱多 in oversold conditions. The last time a certain protocol did this, it directly broke through three support levels. Small positions are indeed more stable. --- The gap between DIF and DEA is so large... It’s a bit like the curve of that protocol I used to exploit before, and in the end, flash loans couldn't even move it. --- The previous high at 16.642 as a stop-loss? Bro, that risk is a bit high. I prefer to give up some gains to keep a backup plan. --- The green bars expanding really look a bit aggressive; the bulls indeed have little room to fight back.

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PanicSeller69

· 11h ago

The main force's move of chopping the order book is really impressive; the RSI at 26 shows no rebound signal, I'm speechless.

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TokenSleuth

· 11h ago

The main force's move is absolutely clever; it's oversold but still not bottoming out. --- RIVER's rhythm is indeed a bit ruthless; we need to watch around the 12-dollar mark. --- All moving averages broken, it's a bit hopeless, but what about the oversold rebound? --- The old trick of诱多 is worn out; we need to be cautious. --- Second wave of dumping? Damn, it's coming again. --- A quick short-term slide is enough, don't be greedy. --- Pressure at 16.642, there's indeed plenty of space below. --- Where's the rebound signal? Why is MACD still expanding? --- This round of selling is too obvious, haha. --- We must keep a close eye on the 12-dollar integer level. --- Oversold with no sign of rebound is really troublesome.

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DataChief

· 11h ago

The main force's move to dump the market is really slick; RSI is already in oversold territory and there's still no rebound, truly impressive. RIVER's rhythm clearly signals a distribution phase; short-term traders need to be more ruthless. I've seen too many tricks of oversold rebound traps; don't follow the herd and buy in. All moving averages are broken, the bears are quite aggressive this wave. If 12 yuan can't hold, then the price will have to go lower; judging by the current momentum, it's quite uncertain.

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ZeroRushCaptain

· 11h ago

It's the same old story. The last time I heard this argument was before the crash. Really, when the technicals "actually" signal to short, that's often when I get trapped.

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SellLowExpert

· 11h ago

Are you trying to cut my leeks again? RIVER really can't hold up this time. I knew it would happen like this. It was still around $12 yesterday, and today it just broke through the moving average. The main force is playing it smoothly. Oversold but no sign of a rebound? Forget it, I’m not watching anymore, my head hurts. If it drops to $11 again, I’ll buy the dip. Anyway, I’ve already lost enough. Haven't many people been trapped by this kind of analysis before? This time I choose to lie flat.

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