$RIVER – Catching the Bounce: Strong Support Found at 16.9 Zone
Long $RIVER
Entry: 18.25 – 18.65
SL: 16.5
TP: 20.6 – 22.5 – 25
Price Action Description:
RIVER just had a heart-stopping freefall from the 31.4 peak, but it finally seems to have hit a floor at the 16.9 mark. On the 1H timeframe, the selling pressure is clearly drying up, evidenced by multiple long lower wicks at this local bottom. Although the price is still trading under the major MA lines, the emergence of bullish candles with stronger bodies suggests that buyers are stepping in for a technical relief rally. The market feels severely oversold right now, and a push back up to fill the gap toward the MA25 resistance looks highly probable. It’s a decent spot for a Long entry, as long as that 16.9 support holds firm, the recovery path is wide open.
Click and trade $RIVER here👇
