#$RIVER
I have been watching $RIVER very carefully lately…
The market is experiencing strong selling pressure, and the currency has dropped significantly from its previous peaks (ATH ~87$) to much lower numbers currently, with a significant decline in price and a generally weak environment in altcoins.
CoinGecko +1
📌 Scenario One — Potential Buy (Caution):
If the price returns and closes a daily candle above the nearby resistance level (for example, near $18–20),
✔️ We measure the strength of the rise
✔️ Enter with a calculated amount
Stop-loss below the previous important support level that was broken (for example, ~$12).
📌 Scenario Two — Sell/Avoid Decline:
If the price continues to collapse and breaks the sensitive support without a daily close above it,
✔️ It’s better to stay away from entering or selling if you are already in
✔️ Take advantage of quick position liquidations and manage losses
⚠️ Note: The RIVER movement is very volatile and constrained by “selling due to token unlock” (unlock pressure) and a general state of weakness in altcoins, which makes the trend closer to decline in short time frames.
CoinMarketCap
Not financial advice, just a simple analytical view.
$RIVER
