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RIVER must have a pullback after a crazy surge! Beware of top-level trap risks!
Conclusion: 【Bearish (SHORT)】
Severe overbought: The daily chart shows RIVER has recently risen almost vertically at 90 degrees, currently oscillating around 30.7 at a high level.
Deviation from moving averages: The price has significantly deviated from EMA(7) and EMA(25), indicating a strong need for indicator correction and retesting.
Selling pressure: Although the single-day increase reached as high as 31.81%, a clear shadow remains around 31.47 above, indicating heavy selling pressure. #$RIVER