🔥 $RIVER – Bullish Consolidation
Price Action Overview:
Broke above 34.41 (MA20) with strong volume confirmation.
Recently rejected at 38.20 (24H high), forming a bullish pin bar wick.
Higher low formed at 34.36 during the latest consolidation.$ETH
1H candles show declining volume on pullbacks (501K at 34.89) and increasing volume on rallies (925K at 36.40), indicating healthy accumulation.
Capital Flow:
Significant institutional accumulation observed:
24H net inflow: +38.36M USDT
7D cumulative inflow: +200.67M USDT
Consistent inflows across all timeframes suggest ongoing strong buying interest.
Trade Plan – Long $RIVER :
Primary Entry: 36.20–36.38 (Bollinger upper band retest)
Secondary Entry: 35.26 (MA5 confluence) if price pulls back further
Stop-Loss: 33.90 (below recent MA20 swing low)
Take-Profit Targets:
TP1: 38.20 (24H high)
TP2: 40.76 (R3 resistance)
Cheers, click below to trade 👇
RIVERUSDT Perp – 36.41 +10.99%
