$RIVER Is Bleeding Out — Don’t Be A Hero Yet
Trying to catch a falling knife here could wipe your account quickly. The bears are in total control, and the support levels are barely holding up against this selling pressure.
Technical Analysis:
The 4-Hour and Daily charts for RIVER/USDT paint a grim picture. The price has plummeted over 18% in 24 hours, currently sitting around 37.87. The price is trading well below the MA(7) and MA(25), indicating strong bearish momentum. The drop from the 86.00 high was massive, and we haven't seen a convincing reversal candle yet. The RSI is likely oversold, but volume on the sell-side remains dominant.
Trade Setup (Wait or Short Scalp):
Entry: Wait for a retest of 40.50 - 41.50 to Short (Trend continuation).
Stop Loss: 44.00 (Above recent lower high).
Take Profit: 36.50 (Recent low) and 34.00 (Psychological support).
Final Decision:
BEARISH. Do not buy aggressively until a clear base forms above 40.00.
Confidence Level:
High (Trend Alignment)
#CryptoTradingInsights #RIVERUSDT #BearMarketAnalysis #RiskManagementMastery
$SOL – Watch for consolidation