#river #TrumpCancelsEUTariffThreat #pump
RIVER is currently in a strong short-term bullish trend following a sharp breakout. However, price is extended, which increases the likelihood of a near-term correction before continuation.
Key Levels
Resistance: 59–60
Support: 52–51 / 48–47
Scenarios & Targets
Base Case (Most Likely):
Pullback toward 52–48, followed by consolidation and continuation toward 65 → 70.
Bullish Breakout:
A confirmed hourly close above 60 with strong volume opens targets at 65+, potentially 70.
Bearish Risk:
A breakdown below 47 would invalidate the bullish structure and delay upside.
Strategy
Avoid chasing. Optimal entries occur on pullbacks to support or on confirmed breakouts with retests.
Conclusion:
Trend remains bullish, but patience is required. Best opportunities come after correction or confirmation — not during price expansion.