๐ฅ $RIVER Momentum Check
$RIVER is showing clear strength right now. Price is hovering near $40, up 20%+, and the trend structure still looks solid.
๐ What stands out to me
โข Clean uptrend from the $29 area to $41
โข Higher highs and higher lows remain intact
โข Price is holding above MA7, MA25, and MA99, which keeps the bullish bias alive
โข Volume expanded during the push, not a weak grind
๐ Current structure After tagging around $41, RIVER is pulling back slightly toward $39 to $40. This looks more like a pause after expansion rather than a breakdown. As long as price holds above short term averages, bulls stay in control.
๐ Key levels Iโm watching
โข Support around $38 to $39
โข Resistance near $41.5 A clean break above resistance could open continuation. Losing support would signal deeper consolidation.
๐ง My take Trend is bullish, but after a strong run, patience matters. Iโm watching how RIVER reacts around support before making any moves.
Is RIVER gearing up for another leg higher, or do we cool off first ๐๐
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