$RIVER Long Liquidation Alert
A long liquidation of $2.689K happened at 8.07034. This means leveraged buyers were forced to exit when price dropped near this level. Long liquidation usually increases selling pressure for a short time before the market tries to stabilize.
What This Means
Bullish traders were trapped near this zone. After liquidation, price may attempt recovery if new buyers enter, but volatility can remain high.
Trade Plan
If price stays above 8.0500:
Buy Zone: 8.0500 – 8.0700
Target 1: 8.2500
Target 2: 8.4500
Stop Loss: 7.9000
If price breaks below 8.0000:
Next Support Area: 7.7000 – 7.8000
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