🔥$RIVER Strongly Bullish but nearing extreme overbought levels
Recent candles show declining volume on the latest push to 43.0, suggesting weakening buying pressure at these levels. The 24h volume of 23.98M is substantial but shows some divergence with price.
Capital Flow: Strong net inflows across all timeframes (24h: +69.1M USDT, 7D: +208.1M USDT) indicate sustained buying interest and capital entering the market.
Entry long $RIVER : Wait for a pullback to the 38.35-40.00 support zone and psychological level for better risk-reward entry. Avoid chasing at current levels.
Stop Loss: 37.00-38.00 area, considering ATR of 1.88
Target Price $RIVER : 44.80-46.00 (resistance zone)
Support me just Click below to Trade 👇 Cheers.
The extreme overbought conditions create a high-risk environment. While the trend remains bullish, immediate downside risk is elevated. Monitor for any reversal signals. #river #riverusdt