đ $RIVER Technical Analysis (Binance Spot)
Current Trend: đĽ Strong Bullish
Market Structure: Higher Highs & Higher Lows
Momentum: Extremely Strong (FOMO + Volume)
đ Technical Indicators
RSI (14): Overbought zone
đ Shows strong buying pressure, but a short-term pullback is possible
Volume: Very High
đ Confirms the move is real, not a fake pump
Moving Averages:
Price is far above 50 EMA & 200 EMA
Bullish continuation structure intact
đ§ą Key Levels
Immediate Resistance: $45 â $48
Major Resistance: $50 psychological level
Strong Support: $38 â $40
Deep Support: $32 â $34 (only if market cools down hard)
đ Market Direction â Where Is $RIVER Going?
Right now, RIVER is in a strong bullish expansion phase, but after such a fast rally:
đ Two scenarios are most likely:
đľ Scenario 1: Healthy Pullback (Most Likely)
Price cools down toward $38â$40
Buyers re-enter
Continuation toward $48â$52
đ´ Scenario 2: Breakout Continuation
If price holds above $42
Volume stays strong
Direct push toward $50+
đ§ What Should a Trader Do Now?
â
If you already hold $RIVER:
Partial profit booking is smart
Move stop-loss to break-even or $38
Let the rest ride with trend
â
If you missed the entry:
â Do NOT chase green candles
â
Wait for pullback near $38â$40
Look for confirmation before entry
â ď¸ Risk Note:
This is a high-volatility asset right now.
Trade with proper risk management.
đ Final Traderâs Conclusion
RIVER trend is still bullish, but smart money waits for pullbacks, not hype entries.
Patience = Profit.
Analysis by Sheraz Chughtai
#SherazChughtai #RIVER #Binance #CryptoAnalysis #AltcoinSeason #SpotTrading #SmartMoney
#CryptoTraders $RIVER