$RIVER – Rejection at 22.46 Peak: Anticipating a Deep Technical Correction

Short $RIVER

Entry: 22.050 – 22.180

SL: 22.950

TP: 20.400 – 19.200 – 17.500

Price Action Description:

On the 1H timeframe, $RIVER just hit a local high of 22.460 but was immediately met with aggressive supply. The current candlestick structure is forming a reversal pattern characterized by multiple long upper wicks, signaling that buyers are exhausted after the steep rally. Price action is losing steam and starting to deviate significantly from the MA7, leaving a large gap above the lower support levels. As capital begins to rotate out for profit-taking following the recent surge, I expect a technical pullback toward the MA25 band or even the 17.30 support base to regain market balance.

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RIVERUSDT

Perp

21

-10.27%