$RIVER Market structure is clearly shifting bearish after sustained long liquidations around $7.54, signaling trapped buyers and weakening demand at higher levels. Price is failing to hold prior support, now acting as resistance, confirming distribution.
EP: $7.30 – $7.45
TP: $6.90
TP: $6.40
TP: $5.95
SL: $7.80
Trend is rolling over from a lower high formation, showing clear rejection above $7.50 with liquidity being taken from late longs.
Momentum is fading with sellers stepping in aggressively after each minor bounce, indicating continuation pressure.
Liquidity below $7.00 remains untapped, making downside targets highly probable as price seeks imbalance resolution.
RIVER
Alpha
6.22
+0.04%
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