$RIVER – Rejection at 21.9 Peak: Signaling a Correction Toward MA25 Support

Short $RIVER

Entry: 19.800 – 20.150

SL: 21.200

TP: 18.500 – 17.200 – 15.800

Price Action Description:

On the 1h timeframe, RIVER just hit a new high at 21.943 but was immediately met with aggressive selling pressure. The current candlestick structure shows a decisive bearish candle with a very long upper wick, indicating that sellers have stepped in to take profits after the steep rally. Price action is now breaking below the MA7 and heading toward the MA25 to find a new equilibrium. With buying volume thinning out at these elevated levels, the upward momentum appears exhausted for now. I expect a technical pullback toward the 17.500 zone as the market cools off from its recent overextended move.

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RIVERUSDT

دائم

12.9

-6.49%