🔥$RIVER Bullish consolidation

🔥$RIVER Bullish (Corrective Pullback Within Uptrend)

• The rally from 44.8 (24h low) to 63.599 (24h high) represents a +41.7% gain, followed by a corrective pullback to current levels. This is a natural retracement in a strong uptrend.
• The 53.4 support aligns with MA20 (55.2) and the Bollinger middle band (55.253), creating a strong confluence support zone.
• Resistance at 63.37 is just below the 24h high (63.599), making it a key breakout level.
• Recent 1H candles show declining volume during the pullback, indicating lack of strong selling pressure.

Entry long $RIVER
• Aggressive: current levels 58.8 with a small position, targeting a bounce from the MA5/MA10 support confluence.
• Conservative: Wait for a dip to 55.2-53.4 (MA20 + support) for better risk-reward.

Stop-Loss: 56.8 if entering at 58.8, 51.5 if entering at 53.4.

Target Price $RIVER : 63.3 (resistance level)

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{future}(RIVERUSDT)
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