$RIVER: The Post-Reward Breakdown 📉
The honeymoon phase for $RIVER has officially ended as the token reward cycle concludes. While many were focused on collecting yields, the market structure shifted, and the "smart money" has already begun its exit. We are now positioning for further downside as gravity takes hold.
The Trade Setup:
Short Entry Zone: 13.958 – 16.152 (Targeting a sell-off on the EMA 7 retest) 🎯
Take Profit Targets: 11.240 | 7.068 | 3.629 🌊
Stop Loss: 18.354 (Invalidation if bulls reclaim the EMA 25) 🛡️
Technical Analysis:
The distribution phase has led to a major structural collapse. Price action is currently trapped beneath the EMA 7 (16.15) and EMA 25 (18.35), both of which have flipped from support to heavy overhead resistance. With the RSI(6) at 31.2, bearish momentum is gaining speed. The path of least resistance is firmly to the downside—don't fight the flow.
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