$RIVER
has just witnessed a significant long liquidation around the $12.62 level, indicating that many leveraged long traders were forced out of their positions. Such liquidations often clear excess leverage from the market and create the potential for a strong directional move. If buyers regain control, $RIVER could attempt a recovery toward the $13.40 resistance level, and a successful breakout above that zone could open the path toward the next major target at $14.20. However, if selling pressure continues, the price may revisit the key support near $12.10, and a breakdown below that level could push the market toward $11.50. Traders should watch for volume confirmation to determine the next move.
Support: $12.10
Resistance: $13.40
Target: $14.20
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