RIVER is heading towards $60: analysis of the critical zone 🌊

The current market situation for RIVER requires careful analysis. The coin is at a critical stage where price movement can rapidly target the $60 mark or experience a decline. Data on the behavior of major market participants indicate a buildup of significant short positions, creating potential for a sharp price change upon liquidation of these contracts.

Critical Support and Entry Levels

The key support level is at $45.10 – this is the last zone where buyers should provide strong resistance. The current price around $44.38, down 7.83%, shows market instability. It is important to understand that leverage in this sector is 80 times the spot trading volume, which means significant risks and potential volatility with price movements.

Optimal entry points are in the range of $38.50 to $42.00. This level will allow traders to get a more favorable entry point during a price correction than current levels.

Target Levels and Trading Plan

If support at $45.10 holds, the RIVER market has the potential to recover. The first target is set at $54.00, the second at $62.00, and the third goal is $69.00. Moving towards $60 will be a significant milestone on this recovery path, confirming the strength of the upward trend.

Downward Movement Scenario and Position Protection

In case of a support level breakout, the price could quickly drop to $35. To manage risks, it is recommended to set a stop-loss at $34.50. This will help protect capital from further losses if a negative scenario unfolds.

The situation with RIVER demonstrates a typical market pattern where the actions of major players create both opportunities and risks for other participants. Expecting a correction and following a consistent plan is key to successful trading at current levels.