Price started dropping right after the distribution phase, and sellers stayed strong on every small bounce. The downside momentum increased exactly as expected, and liquidity kept getting taken out lower without any strong buyer reaction.
If you were in the $RIVER short, this is a good zone to lock in profits. The setup played out clean, and the plan executed just the way it was meant to.
RIVERUSDT
Perp
14.31
-19.56%