📈 2.9x Unusual Buying Volume on $RIVER , what's behind this move?
- With the 2.9x volume spike and strong bullish indicator alignment, it’s very likely that smart money is actively participating and accumulating in this region.
- My expectation is for a continued bullish move, but I would NOT long blindly into resistance at 15.687. Instead, I would wait for a liquidity sweep above 15.687 (look for a wick, trap, or failed breakout) or a retrace to 14.750 or 14.959 with a bullish confirmation (such as a pin bar, bullish engulfing, or a clear sign of reversal on the 5m/1m chart).
- Example trade setup: If price retraces to 14.750–14.959 and forms a bullish engulfing candle or a lower timeframe reversal, consider entering long with a target at 15.567 and then 15.687. If that level is broken with strength, trail up for 15.793 and 16.017. The stop-loss should go below the swing low of the confirmation candle or just under 14.487.
- If price spikes above 15.687 and immediately rejects with a long wick, you could look for a short-term short back to 14.959, again with confirmation from a bearish reversal candle.
- If price closes and holds above 15.687 with volume and no rejection, this invalidates the short idea and signals trend continuation—look to join on the next dip.
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