$RIVER just triggered a long liquidation of $1.7024K at $5.77876. This retracement is healthy as it clears weak positions and allows the market to consolidate before attempting the next upward move.
Trade Setup:
Entry Zone: $5.75 – $5.79
Target 1: $5.85
Target 2: $5.92
Stop Loss: $5.72
I’m watching this zone closely because it coincides with previous support and sits near the 0.618 Fibonacci retracement of the recent swing. They’re building strength here, and if this level holds, it could act as a solid foundation for a bounce. Reaction areas around $5.78 have historically absorbed selling pressure, making this a key setup for potential upside.
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RIVERUSDT
Perp
6.128
+18.53%