Devin Hung

$RIVER – Strong Selling Pressure Emerges with Short-term Reversal Signals

Short $RIVER
Entry: 13.15 – 13.35
SL: 14.5
TP: 12.2 – 11.5 – 10.8

Follow the Short whales to stay on the winning side. While 85 long whales are trapped in a loss of $1.13M, the 59 short whales are firmly in profit. They hold $4.20M in positions with an unrealized profit of $609,162 from an average entry of 15.208 USDT, while the price has dropped to 13.283. To mirror the winners, prioritize Short positions on price rebounds toward their entry zone as they dominate the downward trend.

Price Action Description:
On the 15m chart, RIVER is showing clear signs of exhaustion after its recovery attempt toward the 13.4 zone. The current candlestick structure reveals long-bodied red candles with upper wicks, confirming that sellers have regained control as soon as the price tested the MA99 (purple line) resistance. The fact that the price is consistently closing below the downward-sloping MA7 and MA25 signals that the short-term bearish trend is resuming. With fading momentum and capital outflows following the recent surge, I expect the price to soon retest the previous support level near 11.5. This correction appears necessary for the market to rebalance after the recent high volatility.

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