Strong Bearish Setup Forming on $RIVER Potential Downside Opportunity
$RIVER is currently facing serious market pressure, and the sentiment around the project has been turning increasingly negative. There have been ongoing allegations regarding the misappropriation of user funds, which has significantly damaged investor confidence. Because of these concerns, many traders are viewing this project as a potential shorting opportunity.
Adding more pressure to the price structure, future token unlocks are expected, which could introduce additional supply into the market. Historically, these events often trigger strong sell-offs as early investors or insiders take profits. If selling momentum continues, the market could see a sharp downward move in the coming sessions.
Trading Plan — Short / Sell Strategy
Entry Zone: 19.5 – 21.5
Additional Sell Orders: 23 – 24 (in case of a liquidity spike)
Stop Loss: 26.8
Targets:
TP1: 18.1
TP2: 16.2
TP3: 13.2
If the bearish momentum builds as expected, the price could cascade toward the lower targets quickly. Manage risk carefully and scale profits along the way while monitoring overall market sentiment.
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DYOR (Do Your Own
