Where is the Bottom for $RIVER ? 🩸
Analysis:
RIVERUSDT has officially entered a massive correction phase, shedding nearly $30 from its peak in just 24 hours. Looking at the 1-Day Chart, the price is currently sitting exactly on the MA(7) support at $58.016. This is the most critical level right now. If the daily candle closes below $58, the bullish trend structure is broken, and we could see a flush down to the MA(25) which is sitting way lower at $30.52.
Trade Setup (Defensive Long): Only enter if the daily close is above $58.50.
Risk Warning: If $58 breaks, do not catch the knife. Wait for stabilization at $45.
Key Level: $58.00 (Must Hold).
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