š„ $RIVER Bullish (Positive adjustment in a strong upward trend).
In the past 24 hours, this asset has experienced a strong growth of 40%, creating natural profit-taking pressure. The current price action shows rejection at resistance 27.8 and is consolidating around level 26.4. The long lower wicks on the recent 1-hour candles indicate strong buying activity as the price adjusts.
The recent 1-hour candles also show decreasing volume during the pullback from the peak of 27.8, suggesting this is a consolidation phase rather than distribution.
A strong net capital flow of 25.88 million USDT in 24 hours across all time frames indicates sustainable buying interest. Notably, the capital flow of 10.93 million USDT in the recent 4H confirms accumulation activity from institutions.
Entry long $RIVER : 25.50-26.00 USDT (MA10 confluence with support level)
Stop Loss: 24.30 USDT (below the important support S1 level)
Target 1: 28.50 USDT (Resistance)
Target 2: 30.00 USDT (Next resistance)
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(RIVERUSDT)
Although there are signs of overbought in the short term, the large inflow of capital and solid MA structure still support bullish potential. The overbought RSI conditions may cause a prolonged consolidation phase around 24.5-28.5 before the next surge. Avoid overly aggressive trading positions until a clear support level is firmly established.
#river #RIVERUSDT
