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Hamidshafi0499
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Bearish✅ $RIVER — Almost Takedown, Heavy Dump in Progress on Perp 📉
Short $RIVER
Entry: Current market
SL: 63
TP1: 47.3
TP2: 45.9
TP3: 40.2
RIVER (chain-abstraction stablecoin protocol token) has been hammered -7.93% recently, dropping hard from recent highs in the 70s+ range toward mid-50s amid massive volatility and profit-taking after parabolic pumps. The perp chart shows aggressive red candles with liquidation cascades likely fueling the downside — momentum is firmly bearish short-term as sellers dominate post-hype fade.
Structure favors continuation lower if it fails to reclaim key levels above 55–60; the wide SL accounts for potential short squeezes in this high-risk alt, but targets look achievable on further weakness toward prior supports. Watch funding rates and order flow for any shift — extreme vol means fast moves both ways.
Trade $RIVER here 👇
Short $RIVER
Entry: Current market
SL: 63
TP1: 47.3
TP2: 45.9
TP3: 40.2
RIVER (chain-abstraction stablecoin protocol token) has been hammered -7.93% recently, dropping hard from recent highs in the 70s+ range toward mid-50s amid massive volatility and profit-taking after parabolic pumps. The perp chart shows aggressive red candles with liquidation cascades likely fueling the downside — momentum is firmly bearish short-term as sellers dominate post-hype fade.
Structure favors continuation lower if it fails to reclaim key levels above 55–60; the wide SL accounts for potential short squeezes in this high-risk alt, but targets look achievable on further weakness toward prior supports. Watch funding rates and order flow for any shift — extreme vol means fast moves both ways.
Trade $RIVER here 👇
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.