【$RIVER Signal】Short | Weak consolidation after volume breakout

$RIVER After experiencing a -22.55% volume-driven decline, the price is currently consolidating weakly at a low level. The price action indicates a downward continuation, with high open interest accompanying the decline suggesting that long liquidations or main force distribution are still ongoing, and the rebound is weak.
🎯Direction: Short (Short)
🎯Entry: 59.0 - 60.5 USDT
🛑Stop Loss: 62.5 USDT (Rigid Stop Loss)
🚀Target 1: 55.0 USDT
🚀Target 2: 50.0 USDT
The decline of $RIVER , accompanied by nearly 1.5 billion in trading volume, indicates a high-confidence breakout. Currently, the price is oscillating narrowly at a low level, representing a typical weak consolidation, with no signs of strong buying absorption. The high open interest suggests intense bulls and bears competition, but the price cannot effectively rebound, indicating that bears still dominate the market. Logically, this is more likely to form a downward continuation platform rather than a bottom. A rebound to the previous breakout area (59-60.5) is an ideal entry zone for shorts.
Trade 👇 here $RIVER
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