$RIVER USDT is dumping hard after its explosive run, now trading at 7.7888 — down -17.91% in the last 24h! 📉 From highs near 10.057, this chain-abstraction gem (River Protocol's native token powering cross-chain stablecoin magic with satUSD) has cooled off sharply.
The chart screams oversold territory on the daily timeframe: massive drop from the peak around 86k (likely a typo/visual scale for earlier pumps), now forming lower lows with heavy red candles. EMA stack (8/13/21) is bearish and flattening, price well below all key EMAs — classic continuation down after parabolic blow-off.
Stochastic oscillator deep in oversold (<20), with %K crossing up slightly — hinting at a short-term bounce. RSI(14) at 38.33 (approaching oversold <30), RSI(6) even lower at 26.76 — momentum is exhausted to the downside. Volume is spiking on the sell-off but starting to taper, which often precedes relief rallies in volatile alts.
Bearish Forecast – SHORT Setup Alert! 🚨
RIVERUSDT looks primed for more downside pressure before any real bottom. Momentum favors bears in this correction phase.
Trade Idea: SHORT RIVERUSDT Perpetual Now!
Entry: around current ~7.79
Take Profit: 6.50 (first target, ~16% potential) → extend to 5.80 if momentum holds
Stop Loss: 8.60 (above recent swing high / markup zone, invalidates if reclaimed)
Risk management is key — use low leverage (5-10x max) in this wild volatility. Funding rate likely negative, good for shorts!
Don't miss the move — could be the next leg down before rebound. DYOR & trade responsibly! 💥
Follow & turn 🔔 on for more alpha calls! ✅ Trade $RIVER USDT Now!
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