A few days ago, River, this volatile coin, surged past $100. Normally, I wouldn't recommend chasing the price up in this situation, as this presents a buying opportunity on a pullback.
Isn't a 20% discount tempting?
The daily chart shows a pullback to the 100-day moving average followed by a wick before recovering. There were no signs of bearish divergence before the previous pullback, indicating that the upward momentum hasn't weakened.
Currently, a bottoming pattern has just formed on the 4-hour chart, and the next lower timeframe hasn't yet shown consolidation. If you're not focused on precise trading, you could try entering here, but you'll need to wait for a second test before further gains.
River has already risen 2300% this year, and its trading volume on Binance, OKX, and HTX ranks third, only behind BTC and ETH. Many people don't understand why this coin is so volatile; after looking at its funding background, I instantly understood...
- Sun invested $8 million himself, and Xiao Hei, the "King of Trading," also participated and gave multiple trading recommendations. Strategic Theory raised $12 million.
- Strategic cooperation with the Sui ecosystem, linking assets and liquidity from other ecosystems to the Sui chain.
- Deep cooperation with @utechstables to promote the utility of $U and connect the liquidity of the entire ecosystem.
@cryptohayes, so Xiao Hei, how high can $River rise?