$RIVER This coin previously surged due to funding and the hype around stablecoins, but now all the positive news has been exhausted, and the main players are starting to sell off. The price has dropped from 7.24 all the way down to 6.13, clearly on a downward trend.

Online reports also show that big investors are selling coins, and retail investors are following suit, with no new news to push the price back up. The current market is full of weak signals; rebounds are just small bounces, unable to break through the resistance at 6.60-6.80. It’s likely to continue falling.

The safest approach is to wait for the price to rebound to 6.40-6.60, then open a short position, with a stop-loss set above 6.80. If it drops to 5.90 or 5.50, exit quickly. If you want to try long positions, only do so after the price stabilizes around 5.80-5.90, buy a small amount, take profits when it looks good, and don’t be greedy, or you might get trapped.

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