🚨 RIVERUSDT PERP – BOUNCE ALERT AFTER -17.74% DROP! LONG SETUP FORMING? 🌊

$RIVER just pulled back hard from its 24h high of 21.3438 to current levels around 16.83, marking a sharp -17.74% correction on the daily chart. But look closer: price is holding key support near the lower Bollinger Band (~10.255 – 16.83 zone respected), with candles showing rejection wicks and early green recovery signs after heavy red selling pressure.

Technical Snapshot:

Bollinger Bands squeezing then expanding downward → volatility cooling, potential reversal brewing.

RSI(14) at ~44.26 (neutral, not oversold yet but climbing from lows), RSI(6) ~45 – momentum shifting up.

Stochastic K 36.73 / D 24.77 / J 60.65 – bullish crossover forming, J line spiking higher!

Volume bars picking up on the green side at the bottom.

This screams oversold bounce potential in a broader uptrend structure (from lower levels ~7-10k area earlier). Chain-abstraction DeFi gem like $RIVER often sees violent recoveries after dumps.

Trade Idea: LONG RIVERUSDT Perpetual Now!

Entry: Around 16.80 – 17.00

Take Profit 1: 19.50 (+~15%)

Take Profit 2: 21.50 (near recent high, +~28%)

Stop Loss: 15.00 (below recent low/support, risk ~10-11%)

High risk, high reward – perfect for futures leverage if you're aggressive! Don't miss this potential reversal wave. 🚀

Trade $RIVER USDT Now! Follow & turn 🔔 on for more setups ✅ Let's catch the bounce together!

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