$RIVER /USDT SHORT TRADE SETUP
$RIVER is currently trading at 17.617, showing a significant reversal after failing to sustain its 24h high of 20.106. The 15m chart indicates a series of lower highs and a break below the recent consolidation zone, suggesting a lack of buying interest as it moves toward lower support levels. Recent market sentiment has shifted due to sharp capital outflows and upcoming token unlocks worth approximately $249M, which may add further selling pressure.
Target Points
TP1: 16.450
TP2: 15.300
TP3: 14.400
Stop Loss
Set stop loss above 18.600 to manage risk against a potential relief bounce or a retest of the upper descending channel boundary.
Buy and Trade here on $RIVER
RIVER
Alpha
16.46
-8.87%