$RIVER – The "Post-Unlock" Flush? 🌊🩸
The "River" is bleeding! After a legendary run to an All-Time High of $87.73 in late January, the price has absolutely collapsed, currently sitting at 14.753—a massive -30% drop in just 24 hours. 📉
What happened?
The crash was fueled by a double-whammy: a broader market sell-off that pushed the Fear & Greed Index to 18 (Extreme Fear), and a massive $638 million token unlock that hit the market on February 2nd. With 94% of the supply concentrated in top wallets, the exit door got very crowded.
The Setup:
The 4h chart shows extreme oversold conditions with the RSI at 31. We are seeing a tentative "Dead Cat Bounce" attempt as buyers try to defend the $13.60 - $14.40 zone. This is a high-risk, high-reward "reversal" play.
🎯 Sniper Setup (Long):
>>>Entry Zone: $13.80 – $14.80 (Buying the "blood in the streets" near local support).
>>>🚀 Target 1: $16.65 (Retesting the EMA 7 yellow line on the 4h chart).
>>>🚀 Target 2: $19.50 (Reclaiming psychological support and the recent consolidation floor).
>>>🚀 Target 3: $24.50 (Testing the EMA 25 purple line for a full relief rally).
>>>🛡️ Stop Loss: $12.90 (Strict exit—if we lose the $13 level, the floor could completely fall out).
Trade Safe 👇
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