RIVER and pm are: when an uptrend becomes a test for traders

The RIVER coin is once again demonstrating high volatility, and many expected a drop. But this is not just an ordinary correction. Currently, RIVER is trying to break out of the ascending green channel, but this is not a signal to fall yet. A decline can only occur if it closes below the lower boundary of the channel. Even then, the pullback may be quite limited — I expect a potential move down to levels of $60-54.00. The current RIVER price is $13.67, indicating significant potential both upward and downward.

RIVER Ascending Channel: Analysis and Entry Points

The main pattern forming on the chart is an ascending channel. The coin is attempting to break it, but rushing to open short positions is not advisable. The key point is to watch how RIVER behaves with the lower green line of the channel. If it bounces off this line, short sellers should urgently close their positions, as the coin still has enough “fuel” to even reach a new local maximum.

Funding: The Main Enemy of Short Positions

The huge amount of funding (financing) is a factor that cannot be ignored. At least it’s good that it is recalculated every four hours. There are known situations with this coin where funding changes sharply, creating false signals. Initially, it gives shorts hope for a decline, but then hourly funding transfers spike upward. For some, this is a nightmare; for others, an opportunity for big profits. The best strategy is not to give in to the temptation to open positions based on emotions.

BTC and Overall Market Condition

Against the backdrop of RIVER’s movement, Bitcoin continues to soar upward as if external factors do not affect it. The current BTC price is $71.28K, down -7.13% over 24 hours. But this does not prevent it from showing medium-term upward dynamics. It seems we’ve simply forgotten that cryptocurrencies can grow, so we more often believe in a fall rather than a rise. Fear psychology plays a huge role here.

From Convictions to Results: Personal Experience

I tried shorting RIVER myself, but that decision backfired. At the $40.00 level, I abandoned that idea. The realization that going long is much more profitable came only at a price of $13.80. Better late than never. Even at $4.70, I said that shorting is dangerous, but then I forgot that advice. When the coin then jumped to $13.00, it became clear — huge opportunities were missed. PM is exactly the moment when self-discipline and following the plan are more important than intuition.

Where We Are Now: Final Analysis

At this stage, it’s recommended to simply observe how the coin interacts with key support levels. Don’t rush to open positions. Let the market show its true direction. For some, this will be a lesson in patience; for others, a trading school. The main thing is not to lose your head chasing quick profits.

How are you doing? Are you holding RIVER long or still waiting for a fall? How is your trading strategy working on this volatile coin?