$RIVER /USDT SHORT TRADE SETUP
$RIVER is currently trading at 14.47, struggling to sustain its recent recovery after a sharp -26.80% decline over the last 24 hours. The 15m chart shows a rejection at the 15.57 resistance level, with price action characterized by lower highs and a failure to reclaim major moving averages. Market sentiment remains heavily bearish as institutional outflows and high derivative-to-spot imbalances (over 80x) increase the risk of a deeper correction. If the support at 13.20 fails to hold, we expect a rapid slide toward the psychological floor at 12.00.
Target Points
TP1: 13.50
TP2: 12.40
TP3: 11.50
Stop Loss
Set stop loss above 16.00 to manage risk against a potential relief bounce or a retest of the 24h high.
Buy and Trade here on $RIVER
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