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$RIVER just printed a strong impulsive move and is now taking a healthy pause near 50.8 after tagging 53.5. This is not weakness — this is the market catching its breath. Price is still holding above key moving averages, which keeps the short-term trend bullish.
Market Structure After a sharp rally, #RIVER is consolidating in a tight range. This usually means one thing: energy is building for the next move.
Key Levels to Watch
Support zone: 49.5 – 48.8
Immediate resistance: 51.8 – 52.5
Major resistance: 53.5 – 54.2
Trade Idea
Aggressive Long: On hold above 49.5
Safe Long: Break and hold above 52.5
Targets 🎯
TP1: 52.5
TP2: 53.5
TP3: 54.8+ if momentum expands
Stop Loss (Pro Tip 🛑) Keep SL below 48.6 on closing basis. If price loses this level, momentum flips short-term.
Volume Insight Volume expanded on the pump and is cooling during consolidation — classic bullish behavior. Smart money rests before the next push.
Final Thought As long as #RIVE holds above the support band, dips are opportunities, not fear. Patience here often pays.
Trade calm. Trade planned. 💪📊
