$RIVER More or empty?? Where is the stop loss?



$RIVER Testing resistance at the $6.85 mark!
80 million tokens pending unlock, sudden selling pressure may appear at any time

Key levels: Price at $6.67; support at $6.48 to $6.36; resistance at $6.85 to $6.98.
Buy setup: Enter at $6.48 to $6.52 when the EMA25 reclaims, or at $6.36 to $6.40 at the lower Bollinger Band.
Sell setup: Partial profit-taking at intraday highs of $6.85 to $6.90 and above the 24-hour peak supply zone of $6.98.
Short-term: Go long near the $6.48 support level, targeting the $6.85 resistance, and set strict stop-loss orders, with an invalid zone below $6.36 to manage risk.
Medium-term: If the $6.48 support holds firm, hold the accumulated position to cope with short-term volatility; also watch for a valid breakout above $6.98 to seek further upside potential.
Bullish strategy
Price stabilizes above $6.50
- Volume continues to increase confirming
- Breakout above $7.20 short-term resistance
Recommended stop-loss range: **$5.80–$6.00**

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**Bearish strategy
Rebound to $7.20–$7.50 encounters resistance and falls back
- Signs of volume stagnation and price lagging
- Break below $6.20 support
- **Recommended stop-loss**: **Above $7.90** (stop-loss on short-term high break)
RIVER-4.15%
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