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Update on $RIVER 👀
Price failed to break the 6.7–6.8 resistance and followed the expected path — pulling back to test the 6.0 – 5.95 support.
It even dipped to 5.73, showing sellers had control in the short term.
Now price is testing support again.
If 5.9 – 6.0 holds, we can see a bounce back toward 6.3 – 6.8.
If it breaks, downside opens toward 5.5 or lower.
Still a decision zone — wait for confirmation
#WCTCTradingChallengeShare8MUSDT
Price is currently stuck just below 6.7 – 6.8 resistance, and this is where momentum decides the next move. The structure is improving (higher lows forming), but it still needs confirmation.
If price breaks and holds above 6.8, that’s your trigger for continuation. First push toward 7, and if momentum stays strong, extension toward 8 becomes very realistic. This is where breakout traders start chasing.
But right now… it hasn’t broken yet.
If we see rejection here, price will likely pull back to MA25 around 6.1 zone, which also aligns with a horizontal support at 5.95 – 6.1. This is a healthy retest area — not weakness yet.
However, if this support fails to hold, then structure weakens and price can drop back toward 5.5 or even lower.
Simple view:
Break 6.8 → continuation mode 🚀
Reject → retest 6.1 support
Lose support → deeper pullback
Right now, it’s sitting in decision phase… next move depends on who wins here — buyers or sellers.