New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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RIVER's recent performance has indeed sparked quite a bit of discussion—will it follow LIGHT's footsteps and experience a sharp decline? This is a question worth examining closely.
From a technical perspective, RIVER is currently in a correction phase within a downtrend. Although there are signs of a rebound, a complete reversal signal has not yet formed. Breaking through the historical high in the short term seems to be quite challenging. The key point is that both the scope and duration of the pullback remain uncertain, and blindly chasing highs carries significant risk.
For such highly volatile tokens, a prudent strategy is to take a light position with low leverage to short, and set strict take-profit and stop-loss levels. Additionally, closely monitor the movements of mainstream tokens like SOL and XRP, as they often influence the overall market trend. Wait for clearer technical signals before increasing positions, which allows participation in potential opportunities while effectively managing risk.