$RIVER is currently experiencing a strong rebound with momentum still intact, but the chances of a short-term pullback are increasing.
Trade Idea: SHORT $RIVER
RIVERUSDT
دائم
14.17
-21.86%
Entry: $17 – $18
Stop Loss: $19.5
Targets: $15.8 → $14.5 → $13.2
Technical Overview:
Price has moved above MA7 and MA30, indicating a bullish structure, but it now appears overextended. RSI is around 68, suggesting the market is nearing overbought levels. MACD remains positive, though momentum typically slows after a sharp rally. The $17–$19 range acts as a key supply zone from a previous breakdown, increasing the probability of rejection.
Expectation:
A pullback toward moving average support is likely before any further upward continuation.