🔥$RIVER Strong Bullish, Cautious Long wait for pullback
• The recent rejection at 66.07 (11.55% above current price) formed a clear pin bar at resistance, coinciding with:
1. Negative funding rates suggesting crowded longs
2. KDJ bearish crossover signaling momentum shift
3. Price deviating significantly from mean (MA20 at 49.67)
However, the underlying structure remains bullish as evidenced by:
1. Consistently higher lows in price action
2. Institutional net inflows across all major timeframes
3. MA stack maintaining bullish sequence
Entry long $RIVER :
• Primary: Wait for pullback to 52.50-54.00 zone ( confluence of MA10 38.2% Fib)
• Secondary: Break above 65.16 resistance with volume confirmation
Stop Loss: Below 50.00 psychological support
Target Levels $RIVER :
• TP1: 62.5
• TP2: 65.0
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