๐จ๐ $RIVER โ Critical Zone Ahead (Decision: wait, look and SELL)
RIVER has made an aggressive move, but price is now approaching a major resistance at 19.600 โ a level that has already shown rejection pressure.
With the market cap sitting around $857M, expectations are already stretched. If bulls fail to decisively break and hold above 19.600, the probability of a steep corrective move increases, as late momentum buyers may rush to exit.
โ ๏ธ What stands out:
Vertical price expansion โ often followed by sharp pullbacks
Heavy volume spike โ potential exhaustion
No strong consolidation above resistance yet
๐ Bull case (but with caution):
Even if 19.600 is broken, the move may not sustain for long unless followed by strong continuation volume and higher closes. Otherwise, it risks becoming a liquidity grab above resistance.
๐ Key takeaway:
Rejection at 19.600 โ downside risk increases fast
Clean break & hold โ short-lived upside unless structure builds
Not financial advice, just price action + market cap reality.
Trade smart, manage risk. ๐ง ๐
