After an aggressive vertical rise and a new high around 79.8, the price $RIVER transitioned into a phase of compressed consolidation below the highs, staying above short-term averages on the 1H–4H. Such a 'breather at height' often indicates not a reversal, but a redistribution of positions between early long holders and latecomer buyers. Maintaining the price above EMA(7/25) and the distance from the deep EMA(99) forms the structure of a rising trend, where each correction currently looks like a reboot rather than capitulation. The behavior of the RSI in a zone of moderate overbought without a sharp collapse indicates that the market is more likely relieving overheating over time and sideways movement rather than through a reversal sell-off.
Entry zone:
The long scenario for $RIVER is relevant when the price holds above the 72,000–73,000 zone, where local pullbacks converge and the area of the nearby EMA(25) on the 1H. A return to this area provides a more favorable risk/reward compared to buying at local highs.
Targets:
- TP1: area 79,800 — retest of the recent maximum and the first zone for taking a part of the volume.
- TP2: exit to 82,000–83,000 with the continuation of the impulse and breakout of the high against the backdrop of maintaining the trend structure.
- TP3: aggressive target in the area of 88,000–90,000 in case of the current consolidation rebirthing into a new vertical leap.
Stop-loss:
A logical protective stop — below the 69,000–70,000 zone, where the idea of a 'healthy correction within the trend' breaks: going below will cement the price below the key averages and turn the current sideways movement into a peak, rather than accumulation.
Strong trends for such assets as $RIVER often reward patience in the zone of averages more than chasing the price at highs: as long as the structure of highs and lows remains ascending, each pause is just another test of player conviction.
What to pay attention to first: whether to hold the price above EMA(25) or the nature of the breakout of the 79.8 zone — a long consolidation with volume or a quick breakthrough without a pullback?