$RIVER This coin just made a spike, and now it’s pulling back. The bulls are not dead yet, but it can’t rise further in the short term. From the chart, the 1-hour Bollinger Band middle line around 6.4 is holding the price; the fact that it hasn’t fallen below it shows that bull support is still there. However, the resistance at the upper band of 6.938 is tightly capping it, and it lines up exactly with the trapped buy orders in the 6.8-6.9 area. Pushing upward into this zone is very hard. Looking at the indicators again, the MACD red histogram is shrinking on decreasing volume, and the bullish momentum is clearly weakening. The KDJ has also turned downward, indicating that the short-term “overbought” heat has cooled off. This is now a pullback phase where the price can’t go up.

All above 6.8-6.9 are trapped positions from FOMO buyers. Pushing through is difficult. Only if it drops to 6.2-6.3 will there be strong support. The highest it may reach is only around 7. Unless large capital breaks through the Bollinger Band upper line at 6.938, otherwise it’s basically around 6.9. If it can’t hold, it will get dumped back to 6, and in extreme cases it may test around the prior low of 5.947. This is a key support level; if it breaks through, it means the trend is about to change.

Don’t chase and buy at the top right now. Wait patiently for a drop to 6.2-6.3, then get in. This is the support at the low point of the prior pullback. Set a stop loss at 5.9. Take profit and exit around 6.9. If you’re more aggressive: buy with a small position around 6.4—this is right at the Bollinger middle line support. Set a stop loss at 6.1, and when you see a good move in your favor, take profit and stop.

For shorting, don’t open shorts at random. Wait until it rallies up to 6.9 and can’t break higher, then short. This area has double resistance from the Bollinger Band upper band and the previous high, and a pullback is likely. Otherwise, there’s a risk of getting squeezed and forced out if it keeps pushing. Set a stop loss at 7.1, and close around 6.3. Don’t get too greedy. $DOGE $SOL #WCTC交易王PK