🌊 $RIVER Recovery: The Bullish Bounce is Here!
After 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.
This isn't a "chase" trade—this is a strategic entry on a confirmed trend reversal.
⚡ Trade Setup (Long)
Entry Zone: $22.50 – $23.20
Stop-Loss (SL): Below $20.80 (Protect your capital!)
Leverage Recommended: 3x - 5x (Isolated)
🎯 Take-Profit (TP) Targets
Level Target Strategy
TP1 $25.80 Secure partial profits
TP2 $28.90 Trend continuation
TP3 $31.40 Major resistance retest
🔍 Technical Insights
Support Defense: The bounce from $16.90 shows strong institutional interest.
Momentum Shift: Selling pressure has dried up; the RSI is curving upward from oversold territory.
Market Structure: Price is consistently forming Higher Lows on the 1H and 4H timeframes.
Trader's Note: Always book partial profits at TP1 and move your Stop Loss to entry to ensure a risk-free trade.
✍️ Analysis by: Nabiha Noor
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