🚹 $RIVER USDT: DEAD CAT BOUNCE OR REVERSAL? SMART MONEY WATCH 🚹

*(Not financial advice. Trade responsibly.)*

Price down -20.62% to 8.632 — RSI(6) at 39.5, StochRSI surging from oversold (90.1), MACD flipping green → short-term bounce possible. But trend is STILL BEARISH: price below all MAs & Bollinger Midline (9.296). This looks like a relief rally — not a reversal yet.

✅ TRADE PLAN: SHORT ON FAILED BREAKOUT

ENTRY: 9.20–9.40 (wait for 1h close BELOW 9.00 OR rejection at mid-Bollinger)

STOP LOSS: 9.80 (above recent swing high + buffer)

TP1: 8.50 | TP2: 8.10 | TP3: 7.60 (Lower Bollinger)

RR: 1:3+ on TP3 — scale out 50% at TP1.

đŸ›Ąïž RISK: Max 1% per trade. Use 5x leverage only. Example ($1k account): ~$250 position → risk $10.

⚠ CONFIRMATION NEEDED:

→ 1h candle closes BELOW 9.00 OR bearish engulfing at 9.30+.

→ Watch volume drop on up-candles = weak bounce.

Don’t chase the rebound — let bears regain control. Smart money is still selling into rallies.

🔁 Share if you’re waiting for the next leg down!

👇 Comment “SHORT READY” when you see the breakdown candle.

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*Follow for daily SMC breakdowns & institutional-grade setups. Not financial advice.*

RIVERBSC
RIVERUSDT
7.949
-6.88%