$RIVER is approaching the short-term peak area around 22.8–23 USDT on Binance. After a series of continuous bullish candles, the price has tested the strong resistance area previously.
If there is not enough buying force and volume to breakout, it is highly likely that $RIVER will have a short-term correction to retest the support area below.
Traders should pay attention:
• Resistance: 22.9 – 23
• Near support: 21.8 – 22
• Strong support: ~19
The short-term strategy many are following is to SHORT near the peak and manage risk tightly, waiting for price reaction at the support area. If there is a clear breakout above 23 with high volume, the short scenario may be invalidated.
Always remember to manage capital and set stop-loss. The crypto market is very volatile.
#BinanceSq uare #CryptoTradin g #RIVER
If there is not enough buying force and volume to breakout, it is highly likely that $RIVER will have a short-term correction to retest the support area below.
Traders should pay attention:
• Resistance: 22.9 – 23
• Near support: 21.8 – 22
• Strong support: ~19
The short-term strategy many are following is to SHORT near the peak and manage risk tightly, waiting for price reaction at the support area. If there is a clear breakout above 23 with high volume, the short scenario may be invalidated.
Always remember to manage capital and set stop-loss. The crypto market is very volatile.
#BinanceSq uare #CryptoTradin g #RIVER