🔥 $RIVER

RIVER

Alpha

13.75

-21.18%

— Momentum Continuation Check (Reality vs Hype)

Current context:

+40% impulse → pause → compression around 18–18.5

This is the decision zone. Momentum traders live or die here.

✅ What Supports Your Bullish Case

1️⃣ Higher Lows Still Intact (So Far)

Pullbacks are shallow

No impulsive sell candle breaking structure

Buyers are defending 17.8–18.0

That’s textbook trend-following behavior, not panic distribution.

2️⃣ Consolidation After Expansion = Not Automatically Bearish

A lot of traders confuse:

❌ “Price stopped going up”

with

✅ “Price building fuel”

If this were distribution, we’d already see:

Heavy upper wicks

Failed retests

Fast rejection below VWAP / value

So far? That hasn’t happened decisively.

3️⃣ Your Risk Is Actually Well-Defined 👍

Entry: ~18.40

SL: 17.40 → under the range + structure

That’s clean invalidation

This is key: you’re not marrying the bias.