$RIVER / USDT — DEAD-CAT BOUNCE NEAR RESISTANCE, BEARS SET TO REGAIN CONTROL
$RIVER has printed a sharp +13% relief bounce, but price remains firmly below the MA(7) and MA(25), confirming this move as corrective rather than a true trend reversal. With volume still below its recent average and multiple overhead resistances stacked above, the market is primed for rejection unless bulls reclaim the $4.30–$4.60 zone decisively.
TRADE SETUP
Entry Zone (Short):
$3.95 – $4.30 (rejection area below MA(7))
Take Profit Targets:
TP1: $3.40 – $3.30 (local support)
TP2: $2.85 – $2.75 (range base)
TP3: $2.00 – $1.65 (high-liquidity demand zone)
Stop Loss:
$4.70 (clean reclaim above MA(25) invalidates bearish thesis)
SHORT MARKET OUTLOOK
Momentum: Weak follow-through; bounce losing steam.
Trend: Strongly bearish below MA(25) and MA(99).
Key Levels:
Resistance: $4.30 → $4.65
Support: $3.30 → $2.80
Unless RIVER flips $4.65 into support with heavy volume, this remains a sell-the-rally structure with downside continuation favored.
#RIVER #CryptoTA #AltcoinAnalysis #BearishTrend
