🚨 $RIVER Bearish Consolidating
• The price rejected the 24h high 86.0 and is now consolidating near the 24h low 67.0.
• The nearest resistance 76.2 is critical; a break above could signal a reversal.
• The K-line data shows multiple long wicks near lows 67.0, indicating buying interest at lower levels, but the overall structure remains bearish with lower highs.
• Contract net outflow is significant across all timeframes -17.65M USDT over 24h), indicating capital leaving the market and reinforcing bearish sentiment.
Entry $RIVER :
• For shorts: pullback to the resistance zone 74.0–75.0 (MA5/MA10 area) or if price breaks below 67.05 with volume.
• For longs, wait for a confirmed reversal above 76.13 with strong volume.
Stop-Loss: For shorts, set at 76.5. For potential longs, stop-loss below 67.0
Target Price $RIVER
• Short target near 67.0
• Long target at 80.0 if reversal confirms.
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#river #riverusdt