๐ฅ$RIVER just bounced perfectly from support.
Liquidity taken โ reversal โ higher lows forming.
Next resistance: 60+
Are you long RIVER or waiting? ๐
Price just respected the ~38โ40 zone (red line) โ this area acted as strong support + liquidity sweep before buyers stepped back in.
What weโre seeing now:
โ
Higher lows forming
โ
Strong bounce from demand
โ
Previous resistance flipped to support
โ ๏ธ Short-term pullback after rejection near 60
๐ My view:
As long as price stays above ~38โ40, structure remains bullish.
A clean break and hold above 60 could open the door for continuation toward 65โ70+.
Invalidation: sustained move below 38.
Always manage risk โ volatility is high on perps.
๐ฌ Let me know: are you looking for longs or waiting for a deeper retrace?
$RIVER
#river