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🚨 $RIVER CLEAR DOWNTREND RIGHT NOW. My Take: Staying bearish for the short haul, so I'd lean toward a cautious short.
Volumes really picked up during those recent drops in the 1h candles – like over 5M USDT when it cracked 12.755.
On the capital side, those short-term outflows are brutal – negative 6.8M in the last hour and about the same over 4 hours. It's screaming that folks are dumping longs or jumping on shorts. That said, zoom out to 12 or 24 hours, and you've got inflows creeping in (+6.4M and +12.3M), hinting at some sneaky buying underneath. Could be setting up for a flip, but for now, it's adding to the mixed signals.
Entries shorts $RIVER : wait for it to bounce back and test resistance around 13.50-13.80 (that's where the MA5 and Bollinger mid-band are hanging out). Or, if it smashes below that 11.70 low from the past day, that's your green light for more downside.
For stops, I'd slap one about 3.5% above wherever you get in – say 13.98 if you're entering at 13.50.
Targets $RIVER : Shooting for 11.20-11.50 area, which lines up with support at 11.077.
Just remember, RIVER's volatile as hell
#river #RIVERUSDT