$RIVER
📊 TECHNICAL ANALYSIS
After a strong expansion move, RIVER has entered a corrective phase, giving back part of the recent pump. The asset has left the euphoria zone and is now trading in a critical decision area.
🔎 Price structure:
• Previous move: strong impulse + local top
• Current phase: correction with increased volatility
• Market is attempting to define a short-term bottom
📉 Technical scenarios:
🟢 Bullish scenario:
– Consolidation above the current support
– Formation of a higher low (HL)
– Possible trend continuation after accumulation
🔴 Risk scenario:
– Loss of the recent support
– Increase in selling volume
– Price seeking lower support levels for rebalancing
📐 Indicators:
• Momentum weakened after the top
• RSI has exited overbought territory, with no clear reversal confirmation yet
• Volume remains the key factor to validate the next move
⚠️ Risk management:
This is a highly speculative asset, suitable only for trades with well-defined stop-losses. Fast moves and false breakouts are still likely.
📌 Conclusion:
RIVER is at a decisive technical level. The next confirmation (continuation or deeper correction) will depend on price reaction in the current zone.
❗ Not financial advice.
💬 What’s your current read on this chart?
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