$RIVER +64% - Massive Pump, But Now Below Key EMAs
Huge rally to 8.5, but it's given back most gains. Price is now below the EMA9/15, which is a warning sign. This looks like a classic "pump and dump" structure.
Critical Levels
· Resistance (New): 4.315 (EMA9), 4.418 (EMA15) – must reclaim for bullishness.
· Support: 3.236 (Current), then 2.800.
· Breakdown Target: 2.500 if 3.236 fails.
Trade Plan
· Avoid buying. Trend is bearish post-pump.
· Short on Bounce: Sell near 3.800 - 4.000 if it retests the broken EMA zone.
· Stop Loss (Short): Above 4.315.
· Target: 3.000, then 2.700.
Volume is cooling—interest is fading after the pump.
⚠️ High risk. Not financial advice. This is a post-pump correction; catching the falling knife is dangerous.
Pump is over. Waiting for a new base or looking to short a bounce? 👇
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