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 on the daily chart reaching a critical level of 89.5. This is a zone where the parabola either continues its ascent to the Moon or faces a sharp correction.
How RIVER’s parabola soared from bottom to top
The story of the rise is quite dramatic. The price broke through the psychological high of 48.800, and each candlestick chart tells a story of increasing demand. This parabola resulted from the convergence of several factors: accumulation by small investors, possible influx of institutional capital, and classic FOMO (fear of missing out). In just one day, the asset gained 8.21%, which combined with the monthly growth creates an illusion of an endless ascent.
RSI 89.5 — overbought on a historical scale
An RSI value of 89.5 is rarely seen even in volatile young projects. This condition is called overbought, and it can mean two opposite things. The first scenario: the parabola continues to grow because the trend energy exceeds classic levels. The second: the market is close to a reversal, and a correction is already inevitable. The key level of 48.800 acts as a reference point — a breakout will open target zones of $55-60, but a rebound could be just as sharp.
The psychology of a silent market
When a parabola reaches such heights, participants split into several camps. Some believe that the trend is stronger than any indicators and hold their positions. Others expect a 30-50% pullback and prepare capital for entry. A third group chooses a compromise, locking in part of the profits and leaving a position with a trailing stop.
Three trajectories for traders
Option 1: HODL to the extreme. The parabola may continue, RSI could reach 95 — history knows such cases. If the trend remains bullish, holding the position will bring maximum profit. Risk: psychological, assessing one’s composure.
Option 2: Take profits. RSI 90 often marks the last candle before a crash. Taking profits and waiting for a pullback is a conservative but proven approach. During a 30-50% correction, a new entry point will appear.
Option 3: Partial realization. Take 50-70% of profits, leave the rest with protection (trailing stop). This balances ambition and safety.
Universal rule for everyone
An asset with RSI > 85 is not just math — it’s psychology. Define your capital management plan BEFORE panic begins. The parabola is beautiful, but it’s not eternal. Those who understand the reversal point earlier will be right. $RIVER