$RIVER
Price remains structurally bullish, holding higher lows above a rising EMA after a strong impulsive expansion. The recent rejection near 65.8 looks corrective rather than distributive suggesting continuation risk remains to the upside.
That said, a short-term pullback is favored while price trades below local resistance.
Bias: Short (counter-trend pullback)
Entry: 65.8 – 64.5
Stop-Loss: 67.9
TP1: 60.8
TP2: 57.5
TP3: 55.0
Key Level:
As long as price holds above 55.9, dips are considered corrective within the broader uptrend.
A decisive breakdown below 55.9 invalidates the bullish structure and shifts the bias to neutral.
Manage risk accordingly.
Trade $RIVER
RIVERUSDT
Perp
48.02
-25.33%