$RIVER Showing Strength After Massive Recovery
$RIVER made an impressive comeback from $7 → $15, and currently trading around $14.5. That’s more than a 2x move in a short period — clear bullish momentum in play.
Now the key question: What’s next?
I’m watching the $16 zone very closely.
Why?
• Strong horizontal resistance from previous rejection
• Confluence with 4H MA200
This area could act as the next major supply zone.
Before testing $16, a healthy pullback wouldn’t surprise me.
📉 Possible retrace levels:
• $14
• $13.5 – $13
As long as price holds the $12.25 – $13 demand zone, the structure remains bullish. Losing that zone weakens momentum significantly.
🔎 On lower timeframes:
• 15m MA200 is acting as dynamic support
• 1H MA25 continues to push price upward
These moving averages are currently guiding short-term trend direction.
🎯 TRADING Plan: If you’re holding longs, maintaining SL around $12.2 keeps risk controlled.
Above that, trend bias remains bullish toward $16
Momentum is strong — but levels matter.
Watch reactions, not emotions.