$RIVER still has potential. As the native token of the decentralized communication Layer2 protocol on the Base network, the project itself ensures message security and group chat functionality through smart contract governance, while also driving network security and incentivizing node operators to participate. This logic is quite reasonable.
From a technical perspective, it's more attractive: it has risen 25.15% in 24 hours, rebounding from the bottom and stabilizing. The RSI indicator is now at 70.697, approaching the overbought zone. According to conventional logic, it should cool down, but the upward momentum hasn't faded—under these circumstances, a light position could be considered to test the waters.
Specifically, after entering, set the stop loss firmly at 5.450 USDT, leaving no room for loopholes. Take profit in two steps: first target 6.200 USDT, and if it doesn't get knocked down, then look at 6.500 USDT. The key is to strictly follow the plan and avoid impulsively increasing positions or changing the stop loss.
Risk reminder: Trading cryptocurrency derivatives involves high leverage and price volatility risks. Investment decisions should be made cautiously based on your own risk tolerance.
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NFTArtisanHQ
· 8h ago
ngl the tokenomics architecture here feels like deconstructing benjamin's work on mechanical reproduction but applied to distributed consensus... the smart contract governance primitive is where it gets philosophically interesting tho
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ApeShotFirst
· 8h ago
Wow, 25% gain, this rally really can't hold up anymore. RSI has soared past 70, and you're still daring to push? I'm a bit hesitant, but trying with a small position might be worth a shot.
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LightningLady
· 8h ago
Try a small position to test the waters; the RSI is almost overbought... We need to stay disciplined in this wave.
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GateUser-e87b21ee
· 8h ago
It's another situation where RSI is overbought and the price keeps rising. I've heard this explanation too many times... However, RIVER's logic is indeed more solid than those pump-and-dump coins.
$RIVER still has potential. As the native token of the decentralized communication Layer2 protocol on the Base network, the project itself ensures message security and group chat functionality through smart contract governance, while also driving network security and incentivizing node operators to participate. This logic is quite reasonable.
From a technical perspective, it's more attractive: it has risen 25.15% in 24 hours, rebounding from the bottom and stabilizing. The RSI indicator is now at 70.697, approaching the overbought zone. According to conventional logic, it should cool down, but the upward momentum hasn't faded—under these circumstances, a light position could be considered to test the waters.
Specifically, after entering, set the stop loss firmly at 5.450 USDT, leaving no room for loopholes. Take profit in two steps: first target 6.200 USDT, and if it doesn't get knocked down, then look at 6.500 USDT. The key is to strictly follow the plan and avoid impulsively increasing positions or changing the stop loss.
Risk reminder: Trading cryptocurrency derivatives involves high leverage and price volatility risks. Investment decisions should be made cautiously based on your own risk tolerance.