$RIVER – Bearish breakdown as price loses major dynamic support cluster

Short $RIVER
Entry: now
SL: 14
TP: 11,2 – 10,3 – 9
On the 1h timeframe, $RIVER has entered a significant corrective phase after failing to sustain its position above the 17,8 peak. The current candlestick structure reveals a decisive bearish breakdown, marked by a large red engulfing candle that has sliced through the MA7, MA25, and most importantly, the MA99 dynamic support. The recent price action shows a series of lower highs and increasing selling volume as the price loses its footing. The long upper shadows on previous candles near the 13 zone indicate that sellers are aggressively suppressing any relief rallies. With the price now trading below all major moving averages and the MA7 crossing below the MA25, a continuation of the downward trend toward lower liquidity zones is highly probable.