$RIVER Short Opportunity: Is the Pump Running Out of Steam? 🌊
$RIVER has been on an absolute tear, skyrocketing +58% from 11.80 to 18.70 USDT! While the macro trend is undeniably bullish, the 1H chart is starting to flash some "exhaustion" signals. ⚠️
The Bearish Case for a Pullback:
Price Action: We’re seeing hesitation around the 18.00 level with notable upper wicks, signaling seller rejection. 🙅♂️
Volume Divergence: Price is staying high, but volume is fading on the pumps. This mismatch often suggests momentum is drying up.
Overbought Indicators: RSI, KDJ, and Bollinger %B are all screaming "Overbought!" A cooling-off period is overdue. 🌡️
The Bullish Counter-Argument:
Capital flows remain incredibly strong with +19M USDT net inflow in 24h and +54M over 3 days. The bulls aren't leaving; they might just be catching their breath. 🐂
🎯 Trading Setup (Short-Term Dip):
Entry Zone: 18.00 - 18.20 USDT (Partial) or wait for a retest at 17.80 for better R/R. ⚖️
Take Profit 1: 16.20 (-10%) 💰
Take Profit 2: 15.34 (-15%) — Major Support 🎯
Stop Loss: 18.80 (Exit if momentum breaks higher!) 🛑
Strategy: I’m looking to play the correction. If we hit the 15.34 support, it’s a prime spot to flip long and scoop up $RIVER for the next leg up to 20.24! 🚀
What do you think? Are you riding the wave or waiting for the dip? 👇
#river
#RIVERUSDT #TechnicalAnalysis #altcoins