🔥 $RIVER pretty bullish overall, but it's hanging out and consolidating around those recent highs. For trading on 1-hour timeframe, I'm cautiously bullish here, with room for the breakout to keep rolling if things line up.
On the volume side, I spotted a nice surge on the 4-hour chart—jumping up to about 3M compared to the usual 600K average. That feels like a solid confirmation of a real breakout. And check this: the 24-hour volume hit 31.4M, which is like 5 times the norm. Definitely backs up the rally we're seeing.
When it comes to capital flows, there's some serious institutional buying going on. The 24-hour net inflow for contracts is +37.94M USDT, and over the past 7 days, it's +84.29M. That screams ongoing interest from the big players, or "smart money" as they call it.
For entries longs $RIVER : If you're feeling aggressive, jump in at the current price around 20.62, but keep a tight stop loss. Better yet, wait for a dip back to that 19.8-20.2 support zone—it lines up nicely with the MA20 and Support levels.
I'd set a stop loss at 18.8 USDT (sitting just below the key Support and MA20 supports).
Targets $RIVER ; Aim for 22.23 first (that's resistance level ), and if it pushes further, 23.68 (next resistance zone).
RSI is flirting with overbought territory. And if we drop below 19.04 support, I'd say the bullish setup is toast—time to rethink. Any other angles I'm missing?
#river #RIVERUSDT