$RIVER Liquidations Sweep!!!!
This was a clear long liquidation sweep. Price hunted liquidity from the downside, took out stops, and then flipped hard to the upside. This kind of move is exactly why I always say no trade is safe without a stop loss, no matter how confident the setup looks.
$RIVER has already pushed past 50 and momentum is still strong. Spot holders are benefiting from this move, but leveraged traders without protection got wiped in seconds. This market does not forgive mistakes.
Who is still holding from lower levels?
