🔥 $RIVER — Bullish Retracement Inside a Larger Downtrend
$RIVER is currently showing signs of a bullish retracement, even though the higher-timeframe trend remains bearish. Over the last 24 hours, volume has held around $30M, with earlier spikes (notably ~$91M on Nov 25) confirming strong sell pressure in the past. However, recent green candles and pin-bar reactions near support suggest buyers are actively defending key levels.
📊 Capital Flow & Positioning
Despite short-term volatility, net inflows of ~$1.17M USDT in the past 24 hours point toward accumulation. The long/short ratio near 1.44 indicates that larger players are leaning bullish, likely positioning early rather than chasing strength.
📉 Price Structure
Price has repeatedly rejected the 4.13 resistance, while 3.29 support continues to hold after multiple tests. Consolidation between these levels suggests compression, with buyers stepping in consistently near the lower range.
🎯 Trade Plan (Scalp-Focused, Cautious Long)
• Entry Zone: 3.65 – 3.75
• Stop-Loss: 3.25
• Take-Profit: 4.10 – 4.25
📌 Why this setup works:
MACD is converging, Bollinger Bands show oversold conditions, and institutional flow is favoring longs. This is a support-based bounce play, not a trend reversal. A clean break below 3.29 invalidates the setup — cut fast if that happens.
Patience and discipline matter here. This is about positioning near support, not chasing momentum.
#RiverInc #RIVERUSDT #cryptotrading