$RIVER / USDT (Perp) — SHORT IDEA
$RIVER is hovering near $9.99 after a strong +21% intraday surge from the $7.00 lows. Price faced a sharp rejection around the $11.50 area and has since moved into consolidation with lower highs, suggesting distribution after a fast impulse rather than healthy continuation. On the 1H timeframe, momentum is cooling and buyers are failing to regain key resistance.
Trade Plan
Entry Zone: $10.10 – $10.60
Target 1: $9.40
Target 2: $8.70
Target 3: $7.90
Stop Loss: $11.20
If $RIVER cannot reclaim and hold above $10.70, any bounce is likely to be met with selling pressure, leaving room for a deeper pullback toward lower support levels.
