$RIVER is in a massive distribution phase, cascading -29.81% as the "Funding News" sell-off intensifies!
SHORT: RIVER
Entry: 8.85
Stop-Loss: 9.19
TP1: 8.61
TP2: 8.20
TP3: 7.85
$RIVER has entered a brutal downward spiral on the 15m chart, decisively losing the $9.00 psychological support. The current price action shows a series of lower highs and lower lows, indicating that every minor bounce is being aggressively sold into by big players.
The negative sentiment following the "Strategic Funding Announcement" has crushed the bullish structure, turning the $9.19 region into heavy overhead resistance. With the 24h low of 8.613 in sight, the momentum is leaning heavily toward a full breakdown into the $7.00 zone.
As long as the 9.19 invalidation level remains unbreached, the technical setup favors a continued bleed toward the lower liquidity targets.
Trade $RIVER here 👇