Latest update on RIVER:

As of early this morning, RIVER is priced at $12.28, down -2.3% in the past 24 hours, with the market showing a oscillating weakening trend. In the short term, the outlook is bearish, recommend cautious trading, keep total position within 2%, mainly observing for swings.

**Today’s Market Brief**

Price fluctuates between $12.07 and $12.85, market cap remains stable at $24.0M, with 24-hour trading volume at $39.35M. Trading volume has clearly weakened, selling pressure persists. On the futures market, longs are reducing positions, while shorts are slightly increasing, with liquidation pressure rising. After reaching $18.99 a few days ago, the price started to fall back, profit-taking is underway, and market sentiment has cooled.

**Technical Analysis**

1-hour and daily chart performance: RSI has reached 72.3 (quite high), indicating a possible pullback. MACD red bars are shrinking, showing that bearish momentum is building.

Key support levels are at $12.07 (strong intraday support) and $11.5 (previous low). If the price breaks below $12.07 or drops further toward $11.5, caution is advised. Resistance levels are at $12.85 (intraday high) and $13.5 (5-day moving average). To break through, volume needs to support.

**Trading Strategy**

If the price pulls back to $12.07 and stabilizes, with a 1-hour bullish close and increased volume, consider a long position in the $12.00-$12.10 range, with a stop-loss at $11.8. Take half profits at $12.85, and scale out at $13.5. Keep position size within 0.5%.

Conversely, if the price rebounds to $12.85 and faces resistance, with a 1-hour bearish close and increased volume, consider a short position in the $12.80-$12.85 range, with a stop-loss at $13.0. Take 50% profits at $12.07, and fully exit at $11.5. Position size within 1%.

When there are no clear signals, stay on the sidelines, especially during declining volume and narrow-range oscillations. Reduce trading frequency and wait for clearer signals before acting.

**Signals to Watch**

A volume breakout below $12.07 signals accelerated decline—either stay on the sidelines or switch to short positions. A volume breakout above $12.85 indicates market sentiment is warming, and a short-term hold to $13.5 can be considered before reassessment. If trading volume shrinks, expect continued sideways movement; avoid frequent trading.