【RIVER/USDT 15M Structure｜Drop -28% then rebound, is the current position the “end of correction” or a “prelude to a second decline”?】

Current price: 21.95
Intraday low: 17.225
Maximum intraday drawdown: -28%

✅ Market structure in one sentence

This wave is a typical:
Waterfall decline → Panic selling → Low-level rebound → Sideways consolidation
Now is not a safe “bottom-fishing zone,” but a sensitive area where funds are choosing directions.

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🎯 Key levels (directly providing usable entry points)

① Support below (determines if stabilization is possible)
• 21.30～20.80: Short-term support zone (weak if broken)
• 20.10: Critical structural level (near the horizontal line on the chart)
• 19.20～18.60: Weak rebound zone
• 17.22: Intraday low (break below means further decline)

✅ Logic: If 20.10 holds, it’s a correction; if 20.10 breaks, a second decline can happen at any time.

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② Resistance above (where to sell on rebound)
• 22.60～23.20: First resistance (likely to pull back if reached)
• 24.20～24.80: Strong resistance zone (rebound to here is a “free point for profit-taking”)
• 26+: Sentiment rebound zone (requires volume support, otherwise it’s a fake move))

The main trend remains to short on rebounds
Short on rebounds (aligning with the main trend, higher win rate)

📍 Short entry zone: 22.6～23.2
🛑 Stop loss: Above 23.8
🎯 Take profit: 21.3 → 20.1 → 19.2

The rebound after a sharp decline is more often an “opportunity to enter short positions” rather than a reversal.