❌❎ $RIVER : OVERBOUGHT ALERT - SHORT SETUP!
⚡ The $RIVER Short Setup:
* Entry: $24 – 25.5
* Targets: $22 | $20 | $18
* Stop Loss: $27
* Leverage - cross (20-50x)
* Use (5-10%) of your Futures Account.
$RIVER just hit a massive All-Time High of $24.77, but the charts are screaming "Overbought." With the RSI hitting extreme levels on the 4H timeframe and a $21M token unlock looming, a sharp healthy correction is highly likely before any further pump.
📊 Technical Reasons to Short:
* ATH Resistance: Price is struggling to hold above $24.50, forming a potential "Double Top" on smaller timeframes.
* Bearish Divergence: While the price made a higher high, the volume and RSI are showing lower peaks—a classic sign of a trend reversal.
* Token Unlock Pressure: Significant linear unlocks starting this month may lead to institutional profit-taking.
⚠️ Risk Management:
River is an AI-narrative leader with backing from Arthur Hayes, so it can be unpredictable. Use low leverage (20x - 50x) and never trade without a Stop Loss.
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