🚨 RIVERUSDT Analysis: What Goes Up Must Come Down?
The recent pump on $RIVER has been massive, but the technicals are starting to look overextended on the higher timeframes (12H). With a vertical climb like this, a healthy correction or a complete trend reversal could be around the corner.
📉 The Setup:
Current Price: ~$45.60
Peak Resistance: $46.78
Indicators: While the SuperTrend is still green, the MACD is showing extreme extension. Parabolic moves often lead to aggressive pullbacks once the momentum fades.
🎯 Targets:
I’m looking at a tiered correction strategy as the hype cools off:
Target 1: $20.00 (Psychological level & previous structure)
Target 2: $10.00 (Major support zone)
Target 3: $5.00 (Extreme retracement)
⚠️ Risk Warning: Trading perpetuals during high volatility is extremely risky. Always use a Stop Loss and manage your leverage carefully. This is not financial advice—just tracking the price action!
What do you think? Is $RIVER going to the moon or heading back to Earth? 🌍🚀
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