$RIVER USDT Perp (-27.33%)

The River is Flooding with Panic

Market Overview:

Absolute carnage on RIVER. A -27% dip isn't just a pullback; it's a structural collapse. We are watching the token get washed out in real-time. The move down was aggressive, meaning any bounce will be met with heavy supply.

Key Support & Resistance:

· Support: Rs2,100 (Psychological level)

· Resistance: Rs2,500 (Previous breakdown zone)

Trade Targets (Long Rebound/Short Continuation):

1. Target 1 (Scalp): Rs2,280 (Minor relief bounce)

2. Target 2 (Short): Rs2,200 (If momentum continues downward)

3. Target 3 (Swing): Rs1,950 (Full extension of the fall)

Pro Tip:

Do not catch a falling knife here. Wait for the 1-hour candle to close above Rs2,350 before considering any longs. The volume is screaming seller dominance.

Short vs Long Term:

· Short Term: Bearish momentum is king. Expect volatility.

· Long Term: Accumulation starts only after price stability above Rs2,600.

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