$RIVER entered a significant supply zone after a rapid increase, with overall volatility significantly amplified.
This wave of increase was too abrupt, and the price reached a critical area previously dominated by sellers.
A clear long upper shadow appeared near the high, which is a typical bullish liquidity sweep.
After the breakout, chasing the rise led to stop-loss being swept, and sellers began to actively absorb and push down prices at high levels.
📉 Trading direction: Short
Entry range: 0.00640 – 0.00665
DCA: 0.00695 / 0.00730
Stop-loss: 0.00785
Target levels:
👉 0.00615
👉 0.00580
👉 0.00540
👉 0.00490
Market psychology:
The main force sold during the rise, with retail investors chasing the rise becoming a source of liquidity.
The breakout above resistance was only to sweep stop-losses, leaving the bulls trapped.
If the price cannot stabilize in the supply zone again, a downward trend is likely to continue, accompanied by rapid spikes and emotional sell-offs.
