⚠️ Millions in Longs Liquidated on $RIVER — Did You Survive? The market just punished over-leveraged Long traders. If you tried to catch the bottom without a Stop Loss, your account is likely in danger.
Market Reality: RIVER crashed from $86 to $37, wiping out early buyers. The charts show a relentless sell-off with no solid support yet. This is a classic "Falling Knife" scenario where averaging down leads to total liquidation. The volume suggests bears are still dumping, and buying now is purely gambling against the trend.
How to Stay Safe: Do not enter a Long position until the price stabilizes above $40.00 for at least 4 hours. Cash is a position—protect your capital.
🔥 Missed the RIVER Short? Watch These 2 Now: If you missed the profit on the RIVER crash, keep an eye on these setups: $SOL (short): Showing weakness at resistance, similar breakdown potential.
$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).