$RIVER Short Setup. Price at Resistance.
Token Unlock Approaching. Two Ways to Play the Downside.
RIVER is trading at 7.690, right at the upper boundary of its local range.
The recent surge pushed price from the 7.00 zone into the 7.70-7.85 resistance area.
This is profit-taking territory. The chart says distribution. The calendar adds fuel.
A token unlock of roughly 560,000 RIVER is scheduled for May 22.
Markets front-run these events. Sellers position early.
Buyers wait for the dilution to pass.
The supply overhang is a near-term headwind.
Fundamentals align with the technicals.
Two setups.
Conservative. Wait for a clear breakdown below 7.50.
That level represents psychological support and the zone where the heavy bids cluster.
A close below 7.50 with volume confirms the shift.
Target is 7.00 and then 6.70. Stop above 7.60 on a reclaim.
Aggressive. Short near 7.69 with a tight stop above 7.88, the recent local high.
A push above 7.95 would signal the breakout is real and the short thesis is wrong.
Target the same downside levels. The risk is higher on this entry because the bid book is still supportive.
