🔥 $RIVER Bullish but overbought, expect a short-term pullback before continuation upward
Recent 1h candles show elevated volume 2.4M at 44.5 USDT during price advances, confirming bullish interest. However, the latest candle shows reduced volume only 47K, suggesting hesitation at current levels.
Fund Flow Data: Strong net contract inflows over 24H (70.1M) and 7D (190.8M) highlight sustained institutional interest. Short-term outflows (-6.52M USDT over 2H) indicate profit-taking near highs, but the broader inflow trend remains bullish.
Entry long $RIVER :
• Wait for a pullback to the support zone near 40.3–41.0 area for a better risk-reward entry.
• Alternatively, a break above 45.7 (24H high) could signal renewed momentum.
Stop-Loss: Set at 38.2 (just below Support)
Target Price $RIVER :47.8 (Resistance level)
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