$RIVER update
$RIVER has seen a parabolic surge, moving rapidly from the $1-$2 range to a peak near $23.8. Daily range is extremely wide, with surging volume and extreme volatility. 🚀
Currently, price action is heavily driven by momentum and FOMO rather than technical structure. Sharp pullbacks are common after such moves, even if the higher-timeframe trend remains bullish. 📈
Key points to watch:
- Strong volatility: Expect fast wicks in both directions. ⚡️
- Consolidation: Any sustained consolidation above prior breakout zones would be constructive.
- Risk management: Chasing the price here carries significant risk. Patience is key.
Momentum remains strong, but current price levels represent a high-risk Entry. Exercise caution. ⚠️
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