Important Update on $RIVER ‼️
We are now moving top of the resistance level $20.6 last 3 time price has tested and dumped below support zone but this time it's clear breakout on 4 hour chart, but still daily candle running so we have to wait for more conformation.
Also if you had read my last few update on River I warn you that a short squeeze is coming before token unlock event happens at 22nd march, you can be bearish for Short terms now but we will see some more price to expand, my physiology works perfectly on this time.
Also noticed a river whale accumulate around 333K $RIVER on his wallet last time he did around 2 month ago price was near $31.42 this time he did around $23.82
Now this Whale holding $18M position.
Also on monthly candle on January it close at $26 and February high was $26.4 then we saw dump that means we can easily test the Feb high again before unlock even and my physiology still remains bullish for next 2-3 days then we will see manipulation again.
Do own research don't follow hype I have been trading same pair last 3 month bought at $12.92 and clean TP $80 then again shorted at $83 it dump $7 so with own analysis you can build own strategies. don't get hyped up by 2-3 lines FOMO post witch cost your margin.
Currently there is Liquidity around $25.5 so we might see first time in this month RIVER going to hit $25 ,some cool down possible because around 140.2K sell order place around at $25 so I will try to update later on
I didn't update last 3 days I'm watching my analysis working and didn't feel good that short term short position didn't work well.
I hope those information helps.
Avoid High leverage on any pair you trade to avoid sudden volatility Spikes.
