🔥$RIVER Strongly Bullish (Consolidating near highs),
Price Action: Forming a bull flag pattern after the 28% rally. Current consolidation between 43.50-46.50 represents healthy digestion of gains
Recent 1h candles show declining volume during consolidation, typical of healthy pullback after strong rally. The 24h volume of 29.4M confirms high interest.
Strong net inflows over 24h (54.45M) indicate sustained buying interest. Recent 1h outflow (-857k) suggests minor profit-taking.
Entry Long $RIVER :
• Aggressive: Current levels 46.25 with tight stop
• Optimal: Break above Resistance 48.55 with volume confirmation
• Conservative: Pullback to 44.87 (MA5) or 42.33 (support)
Stop Loss: 3-4% from entry (1.39-1.85 USDT) considering high volatility (ATR=2.21)
Target Prices $RIVER : P50.84 (Resistance)
Support me just Click below to Trade 👇 Cheers.
