Volatility Warning on $RIVER — High Risk Zone
We are seeing a slight bounce on the 15m chart, but don't mistake this for a full reversal yet. This specific zone will decide if we crash to new lows or finally recover.
Technical Analysis:
On the 15-minute timeframe, RIVER is attempting to stabilize around 37.86 after hitting a low of 36.56. There is a potential "Double Bottom" forming on the lower timeframes, but the overhead resistance at 38.50 (MA25) is acting as a lid. If price reclaims 39.00 with volume, we could see a relief rally. However, rejection here sends it back to 36.00.
Trade Setup (Risky Counter-Trend Long):
Entry: 37.50 (Strict scalp).
Stop Loss: 36.40 (Tight stop below wick).
Take Profit: 39.50 and 42.00.
Final Decision:
NEUTRAL / RISKY LONG. Only for experienced scalpers.
Confidence Level:
Low/Medium (Counter-trend)
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