😱$RIVER is dumping hard (-12%) 🚨 Key support at 20 — will it hold or drop to 16/12?😬😱
RIVER just had a strong -12% dump, and price is now sitting around 20.3 USDT, right on a key support zone.
🔴 Important Levels
Major Support: 20.0 – 19.5
Next Support (if breakdown): 16.0
Strong Demand Zone: 12.0 (marked on chart 👆)
Resistance: 24.0 – 26.0
📉 Market Structure
Price lost the previous support (now resistance).
Lower highs + strong bearish momentum = trend still bearish.
Current bounce attempts are weak → caution on longs.
🧠 Trading Plan (Example)
Aggressive Long: Only if we see strong confirmation above 21.5–22
Safer Buy Zone: 16.0 – 12.0 (high-risk but high-reward area)
Short Bias: Below 20 with rejection → targets 16
⚠️ Risk Warning
This is a high-volatility asset. Don’t FOMO. Wait for confirmation and manage risk properly.
RIVERUSDT
Perp
12.14
-8.22%