$RIVER Tactical Short Strategy
The "River" is running dry at the top. After a massive surge fueled by $1M in staked tokens and a "Short Squeeze" frenzy, $RIVER is printing choppy candles at the $20 resistance. We are sniping the exhaustion before the "Long Squeeze" sends price back to the accumulation zone.
Entry Zone: 18.90 – 19.80 (The Resistance Grind)
TP1: 17.20 (Immediate Liquidity Grab)
TP2: 16.00 (MA-25 Support)
TP3: 14.80 (Macro Demand Floor)
Stop Loss: 21.00 (Above the psychological high)
Trade Logic:
Price is currently trading at $20.57, but the "Follow-Through" is weakening. On-chain data shows 96% of supply is held by top wallets, making this a "Low Float" trap. With derivatives volume dwarfing spot, once the liquidations end, the bid side will evaporate. We are fading this "engineered" rally for a 20% correction.
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