🚨 $RIVER consolidating with a bit of a bearish vibe hanging over it. For trading on 1-hour timeframe, I'm leaning cautious short
Looking at the volume, pretty heavy selling during those price drops—like that big one with over 5.9 million USDT in volume. Rebounds? Not so much, just moderate action, which tells me sellers are still calling the shots. The latest 1-hour candle is super quiet at around 37k volume, so no one's really committing here.
On the capital side, net inflows are positive over the last 24 hours (about 72 million) and even longer like 3-7 days, so money's trickling in overall. But short-term? We've seen some outflows, like -3 million in the past 2 hours, probably folks taking profits or playing it safe.
Entries shorts $RIVER : maybe short near resistance at 28.83 USDT or wait for a break below the Bollinger lower band around 20.67. Could also pull back to the MA5 at 25.524 for a nicer setup—better risk-reward there.
For stop loss, I'd go 3-5% above your entry. Say you short at 25, set it at 25.75-26.25
Targets $RIVER : Shooting for 20.678 (Bollinger lower) or even down to 20 USDT as a psych level.
