RIVER/USDT (1D): Facing the Wall
$RIVER is putting up an impressive +21.97% bounce today, but don't let the green candle blind you to the macro structure. We are currently testing the MA(7) at $16.13, but there is a massive "wall" of overhead resistance at the MA(25) ($19.39) and MA(99) ($19.75).
* The Setup: This looks like a relief rally in a broader downtrend. Unless we flip $19.50 into support with significant volume, this is a prime "sell the rip" zone for me.
Target: A rejection here likely leads back to the $13.00 liquidity zone.
My Signal: SHORT (on Strength)
Entry: $18.50 – $19.20
Take Profit: $15.50
Stop Loss: $20.10