$RIVER is still in a clear downtrend. Price is trading below all major moving averages (MA7, MA25, MA99), which shows strong selling pressure. The bounce from 48.3 looks weak and volume is not supporting a strong reversal yet.
Support: 48.3 – 46.4
Resistance: 53.3 – 55.0
Trade Idea:
Short below: 52.0
Target 1: 49.5
Target 2: 47.0
Stop Loss: 55.5
Market will turn bullish only if price gives a strong close above 55. Until then, selling on pullbacks looks safer.
Always use proper risk management.
RIVERUSDT
Perp
53.43
+3.91%