$RIVER Short Position Strategy
After reports surfaced accusing the project of misusing user funds, the price still experienced a short rebound, possibly attempting to create a temporary bullish appearance.
The project has faced long-standing criticism, with claims that it raised around $12 million, brought in well-known figures for promotion, rebranded the project, pushed the price higher, and later sold tokens to retail investors. Future token unlocks could also add selling pressure.
From this perspective, the expectation is that the price may eventually move lower. However, if the price rebounds to the $24–$25 range with weak trading volume, it might present an opportunity to increase short positions.
If the price breaks above $27, it could indicate new capital entering the market, which would be a signal to reconsider or stop losses.
The initial suggestion in this strategy is to open a short position at the current market price.$RIVER 👇
