$RIVER — Structure Still Bullish, Decision Zone Ahead 🌊
$RIVER built a solid base around 12.0 – 12.5, and that wasn’t random. Volume stepped in heavy during that range, showing clear accumulation before the move. That base became the fuel for the breakout.
Once price launched, it moved fast and ran straight into the 18.8 resistance, where strong profit-taking showed up. A sharp pullback followed — totally normal after a parabolic push. No weakness there, just cooling off.
Now price is stabilizing around 16.1, and this area matters.
This is the zone where the market decides continuation or deeper retrace.
Key Levels to Watch:
• Bullish Hold: 15.5 – 16.0
→ Holding this zone keeps the structure bullish
→ Opens room toward 17.8 – 19.0
• Bearish Risk: Lose 15.5
→ Could see a deeper pullback into 14.7 – 15.0
Momentum hasn’t disappeared — it’s digesting the move. Consolidation after expansion is healthy. What matters now is patience and confirmation.
Let the level decide.
Trade the reaction, not the emotion. Trade here below 👇🏻
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