This wave of sharp increase starting from 5.4🔥 has lasted 29 hours, reaching a high of 11.59, now at 9.61. Although the price remains above the trailing stop-loss at 9.515, the MACD has issued a strong bearish signal! 📉 The MACD histogram has nearly halved in the past 5 days, dropping 43%, forming a significant divergence with the price trend. The bullish momentum is stalling, beware of profit-taking and a potential pullback! Key observation points: The price must hold above 9.515; a break below could test the dense support zone around 6.0 below. There is no resistance above, but the momentum decay is a fact. Market status: **Suspected trend reversal** 🧐 Long positions should pay attention to risk management!
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$RIVER 1h Trend Alert⚠
This wave of sharp increase starting from 5.4🔥 has lasted 29 hours, reaching a high of 11.59, now at 9.61. Although the price remains above the trailing stop-loss at 9.515, the MACD has issued a strong bearish signal!
📉 The MACD histogram has nearly halved in the past 5 days, dropping 43%, forming a significant divergence with the price trend. The bullish momentum is stalling, beware of profit-taking and a potential pullback!
Key observation points: The price must hold above 9.515; a break below could test the dense support zone around 6.0 below. There is no resistance above, but the momentum decay is a fact.
Market status: **Suspected trend reversal** 🧐 Long positions should pay attention to risk management!