🚨 $RIVER pumping hard in this strong bullish trend, but it's starting to correct from that overbought territory. For trading on 1-hour timeframe, I'm going cautious short here, betting on a bearish pullback soon.
On the volume front, we've seen a massive spike on the 4-hour chart (hitting around 2.4M, way above those sleepy 1-hour averages), which screams capitulation buying from folks piling in late. But check the latest candle – volume's already tapering off, and that could be an early sign of distribution kicking in. Not loving that.
Capital flows are telling a mixed story too. There's solid institutional buying propping it up (24-hour net inflow at +71.9M USDT, and over 7 days it's +156.9M USDT), which keeps the medium-term bullish vibe intact. Short-term though? We're seeing some outflows (-2.48M in the last 5 minutes), probably smart money locking in profits before things shift.
For entries shorts $RIVER : if you're feeling aggressive, grab a partial short right now between 29.47-30.00 where resistance is stacking up. But honestly, I'd wait for a retest of that 31.47 level for a better shot.
Stop loss wise, keep it tight at about 3.5% above (around 31.5 USDT)
Targets $RIVER : Aim for TP1 at 28.7 (upper Bollinger band), TP2 at 26.83 (MA5), and TP3 at 25.94 (MA10).
Fundamentals are still bullish AF, but tech indicators are screaming overbought #RİVER #RIVERUSDT