$RIVER /USDT (Perp) – 6H Chart Analysis
RIVER strong downtrend mein hai. Price ab 12.38 ke around trade ho raha hai, jab ke recent high 24.07 tha — matlab heavy distribution aur profit-taking ho chuki hai.
🔎 Technical Observations:
Price MA(7), MA(25), MA(99) sab ke neeche hai → clear bearish structure.
Har bounce lower high bana raha hai → sellers control mein hain.
RSI (6) ≈ 24 → deeply oversold zone, short-term relief bounce aa sakta hai.
Volume decline show kar raha hai ke selling pressure slow ho raha hai, lekin reversal confirmation abhi nahi.
📉 Important Levels:
Immediate Support: 11.70 – 11.50
Agar yeh break hota hai → next zone 10.80 – 10.00
Resistance: 13.20 – 13.50
Major resistance: 15.00 – 16.40 (MA25 zone)
📊 Possible Scenarios:
1️⃣ Oversold bounce aa sakta hai towards 13.5 – 14 zone, lekin jab tak price MA25 ke upar close nahi deta, trend bearish hi rahega.
2️⃣ Agar 11.70 support break hota hai to fresh dump ka chance high hai.
🔥 Short-Term Bias:
➡️ Trend bearish
➡️ Bounce par sell opportunity zyada strong lag rahi hai
➡️ Aggressive longs risky hain jab tak structure change na ho
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