🔥$RIVER Bullish consolidation
Price Action Context:
• Earlier breakout above 34.41 (MA20) with volume confirmation
• Recent rejection at 38.20 (24H high) formed bullish pin bar wick
• Higher low established at 34.36 during latest consolidation
Recent 1h candles show declining volume during pullbacks (501k at 34.89) and expanding volume on rallies (925k at 36.40), confirming healthy accumulation.
Capital Flow: Strong institutional accumulation visible:
24H contract net inflow: +38.36M USDT
7D cumulative inflow: +200.67M USDT
Consistent inflows across all timeframes indicate sustained buying interest.
Entry long $RIVER
Primary: 36.20-36.38 (BOLL upper band retest)
Secondary: 35.26 (MA5 confluence) if deeper pullback
Stop-Loss: 33.90 (below MA20 recent swing low)
Take-Profit $RIVER :
TP1: 38.20 (24H high)
TP2: 40.76 (R3 resistance)
Support me just Click below to Trade 👇 Cheers.
RIVERUSDT
Perp
35.82
+8.86%