$RIVER faced strong selling pressure after rejecting from the $9.36 high and is now trading near $8.18 (down ~2–3%). The short-term chart shows lower highs and lower lows, confirming weak momentum. Price did bounce from the $7.80 support, but buyers still look cautious. Volume during the drop suggests profit-taking and short-term distribution. For now, $7.80 is key support while $8.50 remains the main resistance to watch.
Tips & Precautions:
Avoid over-leverage, always use stop loss, and don’t chase green candles. Wait for confirmation before entering trades. Range scalping is possible, but swing trades need patience until a clear breakout appears.
Market Bias:
Short-term bearish to neutral — bulls must reclaim $8.50+ to flip momentum.$RIVER
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