$RIVER The price is currently in a range of $7.86 - $8.22, reflecting a cumulative drop of more than 60% in the last week after its all-time high in January.
Entry Zone (Support): Immediate support is at $7.90. If the price manages to stay above this level, it could be considered an entry for a technical rebound.
Resistance (Target): The first resistance to overcome to confirm a recovery is at $9.56 (maximum of 24h). A greater resistance is found in the range of $17.00, a level that previously acted as structural support.
Stop Loss: Due to the current downtrend, levels below $7.50 would invalidate the short-term rebound thesis. #Write2Earn
Entry Zone (Support): Immediate support is at $7.90. If the price manages to stay above this level, it could be considered an entry for a technical rebound.
Resistance (Target): The first resistance to overcome to confirm a recovery is at $9.56 (maximum of 24h). A greater resistance is found in the range of $17.00, a level that previously acted as structural support.
Stop Loss: Due to the current downtrend, levels below $7.50 would invalidate the short-term rebound thesis. #Write2Earn