Market Sentiment: Extreme Volatility (Scout for Reversals) 📉🚀
After the massive rejection from the $88 All-Time High, $RIVER is currently stabilizing near the $58.50 pivot zone. The 15m chart shows a sharp cooling-off period, but the high volume suggests a "Dead Cat Bounce" or a support test is imminent within the next 120 minutes.
📊 Scalp Technicals (15m Timeframe)
Key Support: $56.80 (24h Low & Strong Psychological Floor).
Key Resistance: $61.50 (Immediate supply zone) and $63.80.
Indicators: * RSI: Sitting at 38—approaching the oversold zone. A dip to 30 will be the primary buy signal.
MACD: Bearish momentum is fading on the 5m chart, hinting at a short-term relief rally.
⚡ The 3-Hour Trade Plan
Direction: Long (The Bounce Play)
Entry Zone: $57.20 – $58.40
Take Profit (TP):
TP 1: $60.50 (Quick scalp exit)
TP 2: $63.20 (Major resistance test)
Stop Loss (SL): $55.90
Risk-to-Reward: 1:2.8 ⚖️
Question: Are you buying this $58 floor, or do you think $RIVER is heading back to $50? Let’s hear your moves! 👇
