📊 $RIVER /USDT – 4H Technical Analysis (Binance)
RIVER experienced a massive impulsive rally, moving from the 11.50 area to a peak near 31.47, followed by a sharp correction. Price is now stabilizing after heavy profit-taking.
🔍 Technical Structure:
Current price around 19.6–19.7, sitting near the MA(25) (~20.6), a key decision zone.
Short-term momentum has turned bearish after losing MA(7).
The broader trend is still bullish, as price remains well above MA(99) (~15.1).
Volume expanded strongly during the sell-off, suggesting distribution and liquidation, not full trend reversal yet.
📌 Key Levels to Watch:
Resistance: 20.5 – 21.2
Major Resistance: 23.0 – 24.0
Support: 19.2 – 19.5
Strong Support: 17.5 – 18.0
Macro Support: 15.0 – 15.5 (trend + MA99)
📈 Possible Scenarios:
Holding above 19.0 could lead to sideways consolidation and a bounce toward 21–23.
Losing 19.0 may open the door for a deeper retracement toward 17–18.
A reclaim of 23+ would indicate bullish momentum returning.
⚠️ Risk Note:
Post-parabolic moves usually come with high volatility and fakeouts. Patience and confirmation are key.
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