๐ $RIVER Technical Analysis (Binance Spot)
Current Trend: ๐ฅ Strong Bullish
Market Structure: Higher Highs & Higher Lows
Momentum: Extremely Strong (FOMO + Volume)
๐ Technical Indicators
RSI (14): Overbought zone
๐ Shows strong buying pressure, but a short-term pullback is possible
Volume: Very High
๐ Confirms the move is real, not a fake pump
Moving Averages:
Price is far above 50 EMA & 200 EMA
Bullish continuation structure intact
๐งฑ Key Levels
Immediate Resistance: $45 โ $48
Major Resistance: $50 psychological level
Strong Support: $38 โ $40
Deep Support: $32 โ $34 (only if market cools down hard)
๐ Market Direction โ Where Is $RIVER Going?
Right now, RIVER is in a strong bullish expansion phase, but after such a fast rally:
๐ Two scenarios are most likely:
๐ต Scenario 1: Healthy Pullback (Most Likely)
Price cools down toward $38โ$40
Buyers re-enter
Continuation toward $48โ$52
๐ด Scenario 2: Breakout Continuation
If price holds above $42
Volume stays strong
Direct push toward $50+
๐ง What Should a Trader Do Now?
โ If you already hold $RIVER:
Partial profit booking is smart
Move stop-loss to break-even or $38
Let the rest ride with trend
โ If you missed the entry:
โ Do NOT chase green candles
โ Wait for pullback near $38โ$40
Look for confirmation before entry
โ ๏ธ Risk Note:
This is a high-volatility asset right now.
Trade with proper risk management.
๐ Final Traderโs Conclusion
RIVER trend is still bullish, but smart money waits for pullbacks, not hype entries.
Patience = Profit.
Analysis by Sheraz Chughtai
#SherazChughtai #RIVER #Binance #CryptoAnalysis #AltcoinSeason #SpotTrading #SmartMoney #CryptoTraders
