$RIVER – Strong Bullish Momentum, Signs of Potential Exhaustion
On the 1-hour timeframe, $RIVER remains strongly bullish, but multiple signals suggest the rally may be nearing exhaustion, making a short (bearish reversal) setup worth watching.
Price Action & Market Structure
RIVER has surged nearly 50% within 24 hours, breaking several resistance levels. Price is now testing the psychological resistance at 33.333 USDT (24h high). Recent hourly candles show hesitation with long upper wicks, indicating increasing selling pressure near this level.
Funding Rate & Momentum
The funding rate at -1.275% is deeply negative, signaling heavy long-side stress and potential liquidation pressure. With RSI above 83, the move appears significantly overextended.
Volume Analysis
Bullish candles are forming on declining volume, suggesting weakening buying strength and a bearish divergence.
Capital Flow
While the 24h net inflow remains strong (+39.7M USDT), short-term data shows a 5-minute outflow (-105k USDT), pointing to early profit-taking behavior.
Trade Plan (Counter-Trend Setup)
Short Entry: 32.80 – 33.20 USDT (after clear rejection at resistance)
Stop Loss: 34.00 USDT (~3.8% risk)
Take Profit: 30.50 USDT
Notes
This is a counter-trend trade against strong bullish momentum. Patience is key—wait for clear bearish confirmation (bearish engulfing candle, pin bar, or strong rejection) before entering.
Pair: RIVERUSDT Perpetual
Current Price: 29.97 USDT (+57.28%)
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