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NEW
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20 USDT
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$RIVER 1-Hour Chart: Alarm Triggered!🚨
Price 12.189 has broken below the key trend-following line at 12.332 (which previously served as a dynamic stop-loss line). This is the first breakdown since the bullish trend was initiated at 5.422!
MACD also issues a strong warning: the indicator line is below the signal line, the momentum bars are significantly negative, and the recent 5-day decline has reached 38.64%, indicating a sharp increase in bearish momentum.
⚠️ Current Market Status: Beware of Trend Reversal! The previous upward trend lasting 52 candles has shown clear signs of stagnation and disruption. The price is testing the trend's vital support line; a breakdown could open the door to deeper corrections. Traders should pay close attention to the risks here.