$RIVER

River has shown the classic liquidity stealing technique over the past few days.

1st rally 3$-8.5$. nearly 3x rally and fall of 80% from the top to 1.6$

2nd rally 1.6$-23.8$. nearly 15x rally and a fall of 50% from the top to 11.5$

3rd rally 11.5$ to 34$. nearly 3x rally and a fall of 50% to 16.1$

4th rally currently ongoing from 16.1$ to 38$

Last 9 funding sessions have been negative.

The funding rate should turn positive within 48-72 hours. Sustaining these levels (with any increase in price) will become tougher. River may still rally to 60$, but something like that seems unlikely.

I'm going to start a small short trade at the current price of 38$ and will add more if price increases. Expecting a fall to 5$ that's about 70-85% from current price.

#RİVER