RIVER/USDT Analysis Update ๐
After a pump of 2,150% in 1 month, RIVER is now showing signs of technical correction. Hereโs a quick analysis:
๐ฏ Technical Conditions:
ยท 1D: Strong BULLISH trend (MA5 > MA10 > MA30)
ยท 4H/1H: BEARISH structure, price dropped from $34.85 to $26.9
ยท 15m: Weak sideways, low volume
ยท Funding Rate: Consistently negative (-0.072%)
ยท Liquidation: Shorts dominant in small TF
๐ฐ Sentiment vs Reality:
Bullish news (target $50, new listing) BUT the price corrected โ classic "Sell the News".
โก Simple Strategy:
SHORT (Main Priority):
ยท Entry: โ$27.40 (resistance 1H) or breakdown $26.75
ยท TP: $25 โ $22
ยท SL: >$28.00
ยท Probability: 70-75%
LONG (After Correction):
ยท Wait for reversal confirmation at support $22-$23 (area MA30 Daily)
ยท Target: $34.85 โ $50
ยท Timeline: 3-10 days ahead for correction
๐ฅ Conclusion:
Short-term technicals are bearish, take a SHORT position first. After the correction, prepare for LONG for the long term.
#RIVER #USDT #Crypto
#trading #TechnicalAnalysis #bearish #CryptoTradin #RiverShort