š„$RIVER is fighting the supply zone again! Until we break above $5, sellers are still in control. Stay patient traders.š±
Price is currently hovering just under a major supply zone near $5, where sellers have shown strong presence earlier. Every time the price taps this zone, we see immediate rejection ā indicating heavy supply and profit-booking pressure.
Right now, RIVER is trying to recover, but until price closes above this blue supply band, upside momentum will remain limited.
šÆ What Viewers Should Note
š¹ $5.00 ā $5.05 acting as a strong supply zone
š¹ Bulls need a clean breakout + retest for strong upward continuation
š¹ Below the zone, expect short-term volatility and possible pullbacks
Trade Plan
Breakout Trade: Enter only if price closes above $5.05 with strength
Target: $5.30 ā $5.50
Stoploss: Below $4.85
Rejection Scenario: If price rejects again, expect a pullback toward $4.60 demand zone
