๐ $RIVER โ Current Snapshot
Right now, RIVER is in a clear short-term downtrend. My bias: cautious bearish for the near term.
Key Observations:
1H Volume: Sharp spikes during recent drops โ over 5M USDT when price broke 12.755, signaling strong selling pressure.
Capital Flow: Short-term outflows are heavy (-6.8M in the last hour, similar over 4 hours), indicating liquidations or active shorting.
Longer-Term Flow: Zooming out, inflows are creeping back (+6.4M in 12h, +12.3M in 24h), hinting at potential underlying buying. Mixed signals overall.
Trade Setup โ Short:
Entry: Wait for a bounce to test resistance around 13.50โ13.80 (MA5 + Bollinger mid-band), or breakdown below 11.70 for continuation.
Stop-Loss: ~3.5% above entry (e.g., 13.98 if entering at 13.50).
Targets: 11.20โ11.50 area, aligning with support at 11.077.
โ ๏ธ Note: $RIVER is highly volatile โ manage risk carefully and avoid chasing moves.