šØ Technical Snapshot: $RIVER | 1H Resistance Test Approaches


RIVERUSDT
Perp
7.248
-4.30%
$RIVER is trading near a critical resistance at 7.600 on the 1-hour chart, signaling a potential inflection point. Near-term price action around this zone will determine the next move ā either a pullback or a bullish breakout.
Key Levels:
Resistance: 7.600
Immediate Support: 7.000
Lower Support: 5.855
Scenario:
⢠Failure to surpass 7.600 ā short-term retracement toward 7.000 or 5.855
⢠Confirmed close above 7.600 ā bullish momentum toward 8.020 and beyond
Watch for bearish reversal patterns near resistance for short setups, or a strong breakout and retest for potential long entries.
Bias depends on price action around these key levels.
