$RIVER
— Clear Downtrend, Deeply Oversold
RSI across all timeframes is extremely oversold (RSI6: 10.9, RSI14: 17.6), which increases the odds of a short-term bounce, but the overall trend remains bearish.
KDJ also signals severe oversold conditions, though no bullish crossover has formed yet.
Recent minor bounces are occurring on low volume, confirming weak buyer interest rather than real demand.
Short Plan – $RIVER • Preferred entry: Wait for a pullback into resistance near 25.3
• Alternative entry: Breakdown and acceptance below 20.0
• Avoid shorting at current levels due to oversold risk
Stop Loss:
• If shorting near 25.3 → 27.6
Targets:
• 20.0 initially
• Extension lower if breakdown continues
Patience is key here — let price come to resistance or confirm the breakdown.
👉 Trade $RIVER carefully