$RIVER USDT Analysis (Perp) đ
RIVER saw a massive spike recently, pumping from the lows and printing a long wick near 86, which clearly shows strong profit-taking / rejection at the top.
Current Price: ~14.20
Market Structure: Volatile & corrective after extreme pump
đ Key Levels
Support: 13.5 â 12.0
Strong Support: 10.0
Resistance: 16.0 â 18.0
Major Resistance: 20.0+
đ What to Expect
After such a huge wick, price usually consolidates or pulls back
Healthy correction is normal before any next leg
Chasing here is high risk
đ§ Trading Idea
Wait for support confirmation before long
Aggressive longs only on volume + breakout above 16
Risk management is key due to high volatility
â ïž This move already gave early buyers huge profits â patience > FOMO.
