$RIVER : Can the River Climb Back to Everest? đïžđ
RIVER once printed a massive high near $86 â a true âEverestâ moment. Today, price is flowing around $17â18, down heavily from the peak. The big question traders are asking now:
Was that the final top⊠or just the first summit?
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đ The Reality After the Fall
After a parabolic move, RIVER went through a deep correction â over 70% from the highs. That kind of drop does two things:
1. Shakes out emotional buyers
2. Creates long-term opportunity for patient money
On the daily chart, price is stabilizing near previous support zones. Volume spikes suggest activity is returning. But stabilization is not the same as reversal â not yet.
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đ What the Chart Is Saying
âą Short-term moving averages are starting to curl up
âą Price is attempting to form higher lows
âą Resistance remains heavy around $23â$25
âą Major trend recovery would require reclaiming $30+
For RIVER to even think about revisiting the $80+ zone, it needs structure:
1ïžâŁ Break resistance levels step by step
2ïžâŁ Hold new supports without instant rejection
3ïžâŁ Maintain consistent buying volume
4ïžâŁ Align with overall market strength
Mountains arenât climbed in one candle.
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đ§ Smart Trader Approach
Instead of dreaming about $86 instantly:
âïž Trade the range
âïž Respect resistance
âïž Scale entries, donât go all-in
âïž Use proper risk management
âïž Take profits at key levels
The market rewards discipline, not hope.
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đ So⊠Can RIVER Reach Everest Again?
Yes â but not emotionally, not quickly, and not without rebuilding trust in the trend.
Every strong rally begins with quiet accumulation. If RIVER continues forming higher lows and flips key resistance into support, the long climb becomes possible.
For now, this is a rebuilding phase â not a summit push.
The real question is not âWill it go back to $86?â
Itâs:
Are you patient enough to climb with it?
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