RIVER/USDT Riding a Massive Wave – Is a Pullback Next? 🌊
RIVER is on an absolute tear, skyrocketing +36.73% to $5.487. The price is now trading way above all key moving averages (MA7, MA25, MA99), indicating extreme bullish momentum. However, with such a sharp vertical move, a healthy pullback to consolidate gains is highly probable before the next leg up.
Trade Idea (For a Pullback Entry):
· Entry Zone: $5.00 - $5.60 (Looking for a dip toward the MA7 & previous resistance as new support)
· Take-Profit Targets:
TP1: $5.80** (Retest of highs)
TP2: **$6.50 (Extension target)
· Stop-Loss: $4.75 (Below the entry zone and key support)
This strategy aims to capitalize on potential continuation after a cooldown, rather than chasing the pump. Wait for the pullback to show signs of stabilization before entering. Manage risk tightly on these high-momentum plays!
Catch the wave on the dip!
#RIVER #RIVERUSDT #Trading #Altcoin #BinanceSquare
