🚨 $RIVER IS IN A CLEAR DOWNTREND — I’M STAYING BEARISH SHORT-TERM
$RIVER keeps breaking down, and honestly, the chart looks heavy. The last big dump candle on the 1H pushed over 5M USDT in volume when it lost 12.755 — that’s not noise, that’s people bailing or flipping short.
Outflows are nasty too:
👉 –6.8M USDT (1H)
👉 –6.8M USDT (4H)
That’s classic “get me out” energy.
But here’s the twist:
Zoom out and you can see +6.4M (12H) and +12.3M (24H) in inflows. Someone is quietly loading, but it’s not enough yet to flip the trend. For now, momentum is still down.
📉 My Play: Short Bias
Short Entry Options:
Wait for a bounce into 13.50–13.80 (MA5 + mid-Bollinger = perfect rejection zone)
OR if price nukes below 11.70, that opens the door for a clean continuation short
Stop-loss:
About 3.5% above entry
→ Example: Entering at 13.50 = SL around 13.98
Targets:
👉 11.50 → 11.20, lining up with support near 11.077
⚠️ Reminder
$RIVER wildly volatile — great for trading, terrible if you don’t manage risk.
Trade smart. Not financial advice, just how I’m navigating the current trend.
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