๐จ $RIVER fell by 86% from ATH โ what to do RIGHT NOW?
The peak was $87.73 in January. Today we are trading at $14.68.
Hereโs my complete analysis on 4H:
๐ Key levels:
โข Support: $12.00โ$12.50 (critical zone)
โข Resistance 1: $16.00โ$16.50
โข Resistance 2: $19.80โ$20.00
๐ Trading plan:
โข Long entry: $13.50โ$14.20
โข TP1: $16.50 | TP2: $19.80
โข Stop: $11.80
โ ๏ธ BUT there is a nuance โ token unlocks
create constant selling pressure.
Any bounce = potential trap.
Short on the bounce to $16.50 looks more interesting ๐
What do you think โ bottom or continuation of the dump?
๐ Long / ๐ Short
$RIVER
#RIVERUSDT #CryptoAnalysis #BinanceSquare
The peak was $87.73 in January. Today we are trading at $14.68.
Hereโs my complete analysis on 4H:
๐ Key levels:
โข Support: $12.00โ$12.50 (critical zone)
โข Resistance 1: $16.00โ$16.50
โข Resistance 2: $19.80โ$20.00
๐ Trading plan:
โข Long entry: $13.50โ$14.20
โข TP1: $16.50 | TP2: $19.80
โข Stop: $11.80
โ ๏ธ BUT there is a nuance โ token unlocks
create constant selling pressure.
Any bounce = potential trap.
Short on the bounce to $16.50 looks more interesting ๐
What do you think โ bottom or continuation of the dump?
๐ Long / ๐ Short
$RIVER
#RIVERUSDT #CryptoAnalysis #BinanceSquare