River has been facing significant selling pressure in the $400 million zone—bearish momentum keeps building around this level. The short interest here is pretty substantial.
Sure, there's buzz about the X layer integration and fresh partnerships, but will that be enough to reverse the downtrend? Not convinced. The fundamentals don't support a rally from this price area.
The setup looks weak. I'm watching for another leg down and looking to enter a short position. The resistance at $400M+ is too strong to break through right now, and with this level of short interest already accumulated, a bounce would just be a trap for longs.
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AirdropChaser
· 23h ago
Looking at this bear trap... Is anyone still buying at the bottom?
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rugdoc.eth
· 23h ago
It's just a bear trap, don't be fooled.
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HalfPositionRunner
· 23h ago
The bearish sentiment is too strong; this rebound is probably fake.
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LiquidatedDreams
· 23h ago
It's the same old script again. X layer and partnership can't save it. The rebound is just an opportunity for the bears to add to their positions.
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MetaverseVagabond
· 23h ago
Hmm... Looking at this short-term accumulation, the rebound is just a trap to lure more buyers.
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DeFiAlchemist
· 23h ago
*adjusts alchemical instruments* the transmutation of capital at $400M is merely illusion... those X layer whispers won't pierce the veil of accumulating short pressure. ngl, the mathematical equilibrium screams downward—resistance behaves like philosopher's stone, immovable. watching this carefully.
River has been facing significant selling pressure in the $400 million zone—bearish momentum keeps building around this level. The short interest here is pretty substantial.
Sure, there's buzz about the X layer integration and fresh partnerships, but will that be enough to reverse the downtrend? Not convinced. The fundamentals don't support a rally from this price area.
The setup looks weak. I'm watching for another leg down and looking to enter a short position. The resistance at $400M+ is too strong to break through right now, and with this level of short interest already accumulated, a bounce would just be a trap for longs.