๐ $RIVER just made a statement on the charts.
After a prolonged consolidation phase, $RIVER exploded with a strong impulsive move, tagging $18.8 before cooling down to the $16.4 zone, still holding a +22% gain. This kind of move usually doesnโt happen without intent.
What I like here is the context. Price spent time building a base near $11.6โ$12.8, absorbing supply. Once sellers were exhausted, buyers stepped in aggressively, and the breakout candle confirmed it.
๐ What the 4H structure is telling me:
Clear breakout from accumulation
Expansion candle backed by volume
Pullback looks controlled, not panic-driven
From a broader view, $RIVER already sits at a ~$322M market cap, so this isnโt a micro-cap gamble. Moves like this often attract momentum continuation traders, especially if price stabilizes above $15.5โ$16.
๐ Key levels Iโm watching:
Support: $15.5โ$16 zone
Resistance: $18.8 (recent high)
A clean hold above support could open the door for another push
Iโm not chasing candles. Iโm watching how price reacts after the excitement fades. Thatโs where the real edge is.
โ ๏ธ Not financial advice. Just reading what the chart is showing.
#RIVER #CryptoPerformance #AltcoinAnalysis #PriceAction #Breakout ๐๐