$RIVER – DEAD CAT BOUNCE OR REVERSAL?
$RIVER has experienced a heavy sell-off, dropping nearly 20% and breaking key structure. Price is now hovering near $24 support, showing signs of weak stabilization. Unless buyers reclaim higher levels quickly, this could turn into a continuation move toward lower supports. A short-term bounce is possible, but overall pressure remains bearish.
Trade Setup
Entry Zone (Bounce Play): $24.00 – $24.30
Take Profit 1: $26.00
Take Profit 2: $28.00
Take Profit 3: $30.00
Stop Loss: $23.20
Alternative Setup (Breakdown)
Entry Zone: Below $23.80
Take Profit 1: $22.00
Take Profit 2: $20.00
Stop Loss: $25.20
Short Market Outlook
The trend has shifted bearish after losing major support. Price is currently in a critical zone around $24—if this level fails, further downside is highly likely. Resistance is now stacked at $26–$28. Any bounce into this zone may face strong selling pressure. Momentum currently favors sellers unless a strong reclaim occurs.
Buy now and trade here on $RIVER
