$RIVER Strong Collapse From 86 Down to 4.5 – Is Recovery Still Possible?

RIVER just experienced a very sharp decline, dropping from around 86 to only about 4.5. This is a deep decrease, indicating prolonged selling pressure and almost no significant support throughout the decline.
📈Downward Trend Still Dominates
By observing the chart, you can see that the structure of lower highs after lower highs, and lower lows after lower lows – characteristic of a clear downtrend. Each small rebound is quickly sold off, proving that the buyers are weak and lack the strength to reverse the trend.
Currently, there are no reliable signals confirming a reversal. Therefore, expecting the price to return to the 50 zone in the short term is unrealistic.
📊Important Price Levels
⟶ 6.0 – 7.0: The first resistance zone. If there is a rebound, this could be an area where profit-taking pressure appears.
⟶ 10+: Only feasible if the market forms a solid accumulation structure and capital flows back strongly.
🚀More Reasonable Scenario
Before considering a major recovery, RIVER needs to:
• Stop making lower lows.
• Form a clear accumulation zone.
• Build an ascending structure step by step (higher low – higher high).
Until these conditions are met, the main trend remains downward. Trading during this phase requires extra caution, prioritizing waiting for clear confirmation signals before opening long positions. $RIVER
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