$RIVER
RIVERUSDT
Perp
15.79
-2.27%
What changed:
Price bounced from ~18 → 19.7
This is a technical rebound, not a full trend reversal yet.
Structure:
Big blow-off top at 86 → heavy dump
Current move looks like a relief bounce after panic selling
Key Levels:
Immediate Support: 18 – 17.5
Strong Support: 15 – 16 (must hold)
Resistance: 22 – 24 (very important)
Major Resistance: 30+
Bias:
📉 Overall trend still bearish / corrective
📊 Short-term range 18–24
Trade Idea (simple):
Long only if: Daily close above 22–24 with volume
Rejection near 22–24: Likely sell / short zone
Below 17: Weak → avoid longs
Conclusion:
This bounce is normal after a −70% weekly drop. Smart money waits for confirmation, not emotions.