🚨 $RIVER BEARISH PRESSURE BUILDING, BREAKDOWN IMMINENT 🚨
$RIVER is showing clear signs of weakness as price struggles below key moving averages, with MA(25) acting as dynamic resistance. The failure to reclaim the $8.95–$9.00 zone signals fading bullish momentum, while increasing sell-side pressure suggests a potential continuation to the downside. A breakdown below immediate support could trigger accelerated bearish movement.
📊 Trade Setup
Entry Zone:$8.75 – $8.85
TP1: $8.60
TP2: $8.40
TP3: $8.15
⛔ Stop Loss:$9.05
📉 Market Outlook
The trend is turning short-term bearish with price trading under MA(7) and struggling near MA(25), indicating weak recovery attempts. Volume remains inconsistent, failing to support bullish continuation. Key support sits around $8.70 a break below this level could open the door toward deeper correction zones near $8.40 and below. Unless bulls reclaim $9.00 with strength, downside risk remains dominant.
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