$RIVER just started to rise and is now preparing to drop? Look at the daily chart and you'll understand — it's clearly still struggling within a downtrend channel, and the on-chain funds are also flowing out. Yesterday, after touching the support level, it barely rebounded a hundred or so points, but what does that really mean? Things that are hyped up in popularity will ultimately return to the origin. $LIGHT is a lesson from history.
Honestly, it's very difficult for this type of coin to generate sustained upward momentum. There are so many scam projects in the market promising hundredfold returns, how many of them can actually survive? When the capital flow cools down, it’s likely to move downward. In the short term, the target is below 10. If you've already followed, hold patiently. I am still observing for new entry opportunities. But the prerequisite is to understand the on-chain fund movements — that’s the real market signal.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
4
Repost
Share
Comment
0/400
MercilessHalal
· 6h ago
On-chain funds are all moving around; this rebound is just a scam to trick me into selling at a loss.
View OriginalReply0
BlindBoxVictim
· 6h ago
Once again, it's the same old scam to cut the leeks. I'm tired of it.
A rebound of about a hundred points and you want to go long? Wake up.
$LIGHT has already been deeply lessoned, why are there still people jumping into the trap?
On-chain funds running away are the most honest, much more honest than K-line charts.
Wait, could this be another big player's early layout? I need to take another look.
I've heard too many stories about altcoins, and the outcomes are all pretty much the same.
I really didn't expect anyone to dare to buy in at this time.
Only consider below 10, and I don't even want to touch it now.
View OriginalReply0
RumbleValidator
· 6h ago
On-chain data is the truth; popularity is unreliable.
View OriginalReply0
ZkProofPudding
· 6h ago
It's another hot coin; as soon as it rebounds, you want to sell at the top.
$RIVER just started to rise and is now preparing to drop? Look at the daily chart and you'll understand — it's clearly still struggling within a downtrend channel, and the on-chain funds are also flowing out. Yesterday, after touching the support level, it barely rebounded a hundred or so points, but what does that really mean? Things that are hyped up in popularity will ultimately return to the origin. $LIGHT is a lesson from history.
Honestly, it's very difficult for this type of coin to generate sustained upward momentum. There are so many scam projects in the market promising hundredfold returns, how many of them can actually survive? When the capital flow cools down, it’s likely to move downward. In the short term, the target is below 10. If you've already followed, hold patiently. I am still observing for new entry opportunities. But the prerequisite is to understand the on-chain fund movements — that’s the real market signal.