โ๐ $RIVER Recovery: The Bullish Bounce is Here!
โAfter a steep correction, $RIVER has found massive demand at the $16.90 support level. We are seeing a classic "V-shape" recovery pattern forming as buyers step in to defend the floor.
โThis isn't a "chase" tradeโthis is a strategic entry on a confirmed trend reversal.
โโก Trade Setup (Long)
โEntry Zone: $22.50 โ $23.20
โStop-Loss (SL): Below $20.80 (Protect your capital!)
โLeverage Recommended: 3x - 5x (Isolated)
โ๐ฏ Take-Profit (TP) Targets
Level Target Strategy
TP1 $25.80 Secure partial profits
TP2 $28.90 Trend continuation
TP3 $31.40 Major resistance retest
๐ Technical Insights
โSupport Defense: The bounce from $16.90 shows strong institutional interest.
โMomentum Shift: Selling pressure has dried up; the RSI is curving upward from oversold territory.
โMarket Structure: Price is consistently forming Higher Lows on the 1H and 4H timeframes.
โTrader's Note: Always book partial profits at TP1 and move your Stop Loss to entry to ensure a risk-free trade.
โโ๏ธ Analysis by: Nabiha Noor
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