$RIVER has been quite popular these days, and the price is stuck at 16.489 USDT. Over the past two and a half hours, the bulls and bears have been fighting fiercely.



**Market Review** 📊
The market is in a high volatility state, with an average fluctuation of 3.1%. Earlier, there was a strong bullish candle with a 2.26% increase, but it was immediately followed by two powerful bearish candles (with declines of -3.77% and -2.76%), which pushed the price down. Afterwards, the price has been oscillating between 16.2 and 16.7, with the bulls and bears temporarily evenly matched.

**What’s the outlook?** 🔍
The short-term trend is leaning bearish. The main issue is that the price has failed to effectively recover the body of the previous large bearish candle. The high points during rebounds are gradually decreasing, which are signals that the bears are in control.

**How to operate?** 💭
It’s recommended to be cautious—either wait and see or take a small short position.

Specifically—
- Short opportunity: If the price cannot hold above the 16.7 key resistance (the previous box top + moving average pressure), and a clear bearish pattern appears on the 15-minute chart, you can try a small short position.
- Entry point: Around 16.6 to 16.7, **with a stop loss definitely above 16.9**.
- Profit target: Look towards the previous low at 16.15.

But risk cannot be ignored—given the high volatility, a stop loss must be set for short-term trades! If the price suddenly breaks through 16.9 strongly and stabilizes, the bearish idea should be abandoned. The current situation has not yet decided the outcome, so conservative traders might wait and see for clearer breakout signals before acting.
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ShitcoinArbitrageurvip
· 01-08 07:53
If 16.7 can't be broken, then it's empty. This move is a bit interesting. Let's wait for the signal.
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LiquidityLarryvip
· 01-08 07:53
If 16.7 can't be broken, keep pushing. There's still a short-term opportunity here; it all depends on whether we can hold above 16.9.
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MindsetExpandervip
· 01-08 07:52
If 16.7 can't be broken, I really have to run. This bearish signal is quite clear, but I still want to wait for a more definitive confirmation before taking action.
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WalletDetectivevip
· 01-08 07:44
16.7 Can't hold, gotta break again. This wave of bearish signals is very obvious. Let's see who can short to the bottom first.
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