RIVER experienced a pullback the day before yesterday, but since last night, it has shown a good rebound. The bottom-fishing orders have all held, and today it has been steadily hovering around the key support level of 4.85. The technical outlook looks quite interesting. The wave of buying that entered in the morning has already yielded nearly 15% profit, and most of it has been taken off the table, leaving a small position to continue observing the subsequent pattern development.
To be honest, in the recent market, high-quality altcoins really present opportunities. I am also continuously positioning in a few promising projects, such as BEAT and LYN, which are on my watchlist. At this moment, there’s definitely a feeling that an altcoin season is coming, especially after the Federal Reserve FOMC meeting changed market expectations, prompting risk-tolerant funds to seek out those with solid fundamentals but still undervalued prices.
If you also believe in this market trend, there’s still a spot available in our chatroom. Feel free to join and discuss future opportunities.
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.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
ShibaOnTheRun
· 14h ago
RIVER's rebound is really strong this time, holding firmly at 4.85, earning 15 points without loss
It feels like the altcoin season has truly arrived, I'm also watching BEAT and LYN
After the FOMC, the market sentiment has indeed shifted, small coins with good fundamentals are definitely worth paying attention to
View OriginalReply0
SeasonedInvestor
· 14h ago
4.85 this support level is indeed solid, but I'm still a bit hesitant, feeling like I missed the early train.
Shanzhai season? I need to check if I still have bullets in my account before I say anything...
After this rebound, I’m not sure if RIVER can continue upward; a good technical setup doesn't necessarily mean it can take off.
Taking 15 points profit, smart people are much more reliable than my stubborn style of holding on.
View OriginalReply0
GateUser-75ee51e7
· 14h ago
15 points so quickly? It's a bit easy to make money. I feel like RIVER's rebound this time is a bit overdone; I need to be careful of a pullback.
View OriginalReply0
CantAffordPancake
· 14h ago
RIVER this wave is indeed stable, holding firmly at 4.85. I really like this kind of confident rebound.
It really feels like the era of copycats is coming. After the FOMC, risk appetite has improved quite a bit.
Taking profits at 15 points is a safe move, and maintaining a good stance is still smart for the core position.
RIVER experienced a pullback the day before yesterday, but since last night, it has shown a good rebound. The bottom-fishing orders have all held, and today it has been steadily hovering around the key support level of 4.85. The technical outlook looks quite interesting. The wave of buying that entered in the morning has already yielded nearly 15% profit, and most of it has been taken off the table, leaving a small position to continue observing the subsequent pattern development.
To be honest, in the recent market, high-quality altcoins really present opportunities. I am also continuously positioning in a few promising projects, such as BEAT and LYN, which are on my watchlist. At this moment, there’s definitely a feeling that an altcoin season is coming, especially after the Federal Reserve FOMC meeting changed market expectations, prompting risk-tolerant funds to seek out those with solid fundamentals but still undervalued prices.
If you also believe in this market trend, there’s still a spot available in our chatroom. Feel free to join and discuss future opportunities.