Why are we stalling right here after such a clean move?
$RIVER just pulled off a solid 30% rally, but that rejection at 5.844 was pretty sharp. We're currently sitting at 5.444, and the price action is starting to look a bit heavy. It’s basically consolidating in a tight range after the big vertical push. If we can hold this 5.20 level, there’s a chance for another leg up to test the highs. But honestly, if the volume keeps dropping like this, we might be looking at a slow bleed back toward 4.80 to fill some of that gap. Keeping a close eye on the next few hourly candles. This could easily flip either way.
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Why are we stalling right here after such a clean move?
$RIVER just pulled off a solid 30% rally, but that rejection at 5.844 was pretty sharp. We're currently sitting at 5.444, and the price action is starting to look a bit heavy. It’s basically consolidating in a tight range after the big vertical push.
If we can hold this 5.20 level, there’s a chance for another leg up to test the highs. But honestly, if the volume keeps dropping like this, we might be looking at a slow bleed back toward 4.80 to fill some of that gap.
Keeping a close eye on the next few hourly candles. This could easily flip either way.
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