$RIVER is flashing a major "Bloodbath" correction, but the bulls are finally stepping in to defend the $8.61 base!
LONG: RIVER
Entry: 8.81
Stop-Loss: 8.40
TP1: 9.30
TP2: 9.93
TP3: 11.00
$RIVER is currently seeing a massive -30.73% capitulation, with price action finally finding temporary stability after tagging a 24h low of $8.613. The vertical drop has pushed the asset deep into "Extreme Fear" territory, with the RSI(6) at a severely oversold 24.21, signaling that a relief bounce is imminent.
Structure remains fragile as price trades far below the EMA(7) ($8.95) and EMA(25) ($9.31), but a clean reclaim of the $9.00 psychological level would confirm a local bottom is in. Market interest remains robust despite the dip, with 24h volume hitting over $340M, indicating massive liquidity is changing hands at these discounted levels.
As long as the $8.40 support (just below the recent wick) remains protected, the technical setup favors a rapid mean-reversion move back toward the EMA clusters and previous support-turned-resistance zones.
Trade $RIVER here 👇