🚨 $RIVER Current Trend Bearish
• K-line shows a series of lower highs formed from the 86.00 high point, and recently broke below the key support at 76.7 (MA20).
• A pin bar (with a relatively long lower shadow) appeared at the 67.05 low, providing an initial support signal, but the subsequent rebound was weak and failed to break through the 73.0 resistance.
• Weak volume on bounces suggests lack of buyer interest.
Entry Short $RIVER : 72.0-73.3 (retest of broken support as resistance)
Stop Loss: 75.2 (above MA5 and recent swing high)
Target $RIVER : 67.1-65.4 (aligning with supports)
Support me just Click below to Trade 👇 Cheers.
A break above 75.2 would invalidate the bearish thesis, potentially triggering short squeeze toward 77.6. Conversely, loss of 67.0 support opens path to 60.0 (lower support) #river #riverusdt .