RIVER's recent rally has confirmed a bullish trend across multiple cycles, but the problem is— the 1-hour and 4-hour RSI are already overheated.

Let's look at the data across different cycles: the 15-minute RSI is at 61, which is still acceptable; the 1-hour RSI has shot up to 78, and although the MACD histogram is positive, it's clearly overbought; the 4-hour RSI is also at 70, indicating an upward trend overall, but it needs time to digest the gains.

Currently, the price is around 21.25, which serves as the intraday support. The resistance levels above are at 22.00 and 23.50, while the support levels below are at 20.80 and 19.50.

My straightforward view is: chasing the high now is too risky. Either wait for it to stabilize around 20.80 before entering a long position; or wait for a strong breakout above 22.00, confirm the momentum, and then target 23.50. Setting a stop-loss at 21.40 is sufficient.

If it breaks below 20.80, I will stay on the sidelines and wait for it to firmly hold at 19.50 before considering any action. Overheated markets are not my gamble—this is years of trading experience. Sometimes, waiting itself is the best strategy.