The majority chase the green candles, while the whales prepare for the upcoming trap.
The price is nearing a price explosion area or a violent correction, and the data doesn't lie.
Analysis of the coin $RIVER | Current decision: Wait / Monitor the critical moment
Here’s what’s happening behind the scenes in the RIVER coin:
Whales Activity: There are 119 whales in Profit with gains exceeding $6.5 million, while only 74 whales are in loss. This means that the selling pressure to take profits could explode at any moment.
Liquidity Map: We notice a huge liquidity concentration (yellow areas) at levels $20 and $19, making it a magnet for the price if a correction begins.
Technical View: The price is currently at $27.88, approaching the previous peak of $31.47. Entering now is a very high risk because we are in a strong Resistance area.
Summary from Alia Crypto:
Do not buy the rush. The whales entered at an average price of $19.87, and you are now trying to enter at nearly double the price. It's better to wait for a return to the strong Support areas or a breakout above $31.5 and hold above it.
I noticed this after monitoring the market today.. A successful trader is one who has patience, not one who has the fastest finger on the buy button.
Is RIVER headed to $40 directly or do we see a correction to $20 first?
Share your predictions with me, are you Bullish or Bearish?
DYOR
#MarketRebound #River
RIVERUSDT
Always
23.77
-2.14%
