š„$RIVER Bullish with potential consolidation near resistance
ā¢ 57.2 high represents a critical psychological and technical resistance. Multiple tests of this level with reduced volume suggest hesitation.
ā¢ 49.7 support (previous resistance turned support) must hold for bullish structure to remain intact
Recent 1h candles show declining volume during the push to 55.2, suggesting weakening momentum at current levels. The highest volume spikes occurred during the rally from 38-48 zone.
Recent 1h outflow (-525k) aligns with volume decline at resistance.
Entry long $RIVER : pullback to 52.3-53.5 (MA5/MA10 confluence) or breakout above 57.2 with volume
Stop Loss: 49.7 support break
Target Levels $RIVER : 58.3 (Resistance)
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While the broader trend remains powerfully bullish, short-term indicators suggest potential consolidation before next upward leg. #RIVERUSDT #river