$RIVER tests major support as liquidity thickens beneath 15 🌊
$RIVER is compressing around the 15 area after a support retest, with participation fading on the rebound and heavier prints clustering below spot. The tape is not showing broad conviction. It is showing a market waiting for one side to lose control, with order flow increasingly defined by whether bids can absorb the next wave of supply.
My read is that this is a positioning trade more than a narrative trade. Retail usually treats a defended level as proof of reversal, but the more relevant signal is where inventory changes hands. If support breaks, liquidity is likely to be vacuumed into the lower pockets first, then re-priced as passive buyers step aside. That is where the move can accelerate.
Entry: 15 🔻
Target: 8.45 📉
Target: 7.25 📉
Target: 6.80 📉
Not financial advice. For informational purposes only.
#RIVER #CryptoTrading #SupportResistance #OrderFlow
