🌊 $RIVER : Tapping the Institutional Demand Zone
River is staging a fierce recovery, currently trading at $19.35 after defending a major support floor. With a +22% surge in the last 24 hours, the price is now aggressively mitigating a key Bullish Order Block.
📊 Technical Setup
• The Order Block: Institutional demand is anchored between $15.50 – $17.20. This zone successfully absorbed the recent sell-off, creating a Spring formation.
• Market Structure: RIVER has flipped the short-term 4H trend to bullish by reclaiming the $18.50 level.
🎯 Strategic Signal
• Entry Zone: $18.80 – $19.20 (on a retest of the broken resistance).
• First Target: $24.50 (Prior structural peak and liquidity gap).
• Stop Loss: $16.40 (Invalidation below the order block).
Professional Opinion: The chain-abstraction narrative is heating up. Holding above $18 is critical to keep the momentum toward $24+ alive. 🛡️📈