RIVER/USDT Analysis 15mTF : Is the Parabolic Run Over or Just Starting? 🌊
$RIVER has been one of the top performers this month, but the current price action suggests we are entering a high-volatility "Decision Zone."
🔍 Technical Breakdown:
🟢 Critical Support (Demand Zone): Our primary floor is established at $40.00 - $43.00. This area was recently tested after a flash dip and held firmly, showing strong institutional "Smart Money" interest. As long as we stay above $40, the bullish structure is intact.
🔴 Key Resistance (The Ceiling): We are facing heavy selling pressure near the $68 - $70 mark (recent ATH). The price has seen multiple rejections here, forming a "Supply Zone" where early investors are locking in profits.
📈 Current Structure: We are trading inside a steep ascending channel. The RSI is currently near 71, suggesting we are approaching overbought territory. A period of sideways consolidation between $50 and $60 would be healthy for the next leg up.
📉 Potential Scenarios:
The Breakout: A daily close above $70 with high volume could trigger a "Liquidation Cascade" for shorts, potentially pushing RIVER toward the $85 - $90 target.
The Healthy Pullback: If we lose the mid-channel support, expect a retest of the $45 POI (Point of Interest). This would be a textbook "buy the dip" opportunity for those who missed the initial run.
💡 My Strategy:
I am not chasing the current pump at $58. I am waiting for a retrace to the $48 - $52 range to build a position. Watch the funding rates—if they stay deeply negative, a short squeeze is highly likely.
What’s your take? Are you holding $R$RIVER $100 or is it time to exit? Let me know below! 👇
#Write2Earn #RİVER #cryptouniverseofficial #altcoins #BinanceSquare $RIVER
