🔥 $RIVER in a consolidation phase but with a bit of a bullish lean overall. For trading on 1-hour timeframe, I'm still leaning cautious long
Price-wise, the latest K-line is showing a classic pin bar right around that support level at 18.265 USDT (S1). It's got this long lower wick, basically saying "nope" to lower prices. When you mix that with oversold signals, it feels like a solid bullish reversal setup.
On the volume side, I've noticed that in the recent 1-hour candles, the pullbacks are happening on lower volume, like the last couple of bars. That usually means sellers are running out of steam. Plus, there was this big volume surge during that recent dip (check the K-line if you have it), which screams capitulation to me – you know, that point where everyone panics and sells off, often right before things flip around.
Fund flows are interesting too. We're seeing net inflows positive over the last 6 hours (about 6.23M USDT) and even stronger over 24 hours (32.86M USDT), which points to some real bullish vibes underneath. Sure, there's been a short-term outflow like -2.5M USDT in the past 4 hours, but that kind of split makes me think the big players are quietly picking up coins during these dips.
Entries longs $RIVER : I'd jump in near that 18.26 USDT support, or wait for a clean break above 20.00 USDT to confirm the bulls are back in control.
Stop loss? I'd set it about 3% below your entry – say 17.72 USDT if you're in at 18.265
Targets $RIVER : Aiming for 21.45 USDT (Resistance level), or push to 23.29 USDT (next resistance zone) if things really pick up steam.
