🚀 Long $RIVER Trade Setup 🚀
⚡ After A Long Downtrend And Consolidation $RIVER Is Waking Up Again ⚡
Trade Details:
Entry Zone: 8.720 – 8.850
Stop Loss: 8.250
Take Profit Targets:
• TP1: 9.350
• TP2: 10.100
• TP3: 11.200
Market Context:
$RIVER is showing a solid rejection wick at the 8.481 support level, indicating strong buying interest. The current 15-minute candle is attempting a bullish reversal, suggesting the structure is stabilizing after a significant sell-off.
This setup feels like a relief rally is forming, aiming to retest overhead resistance levels. The price action indicates potential for upward momentum as buyers step in.
Trading Notes:
Enter within the specified zone to capitalize on the bullish reversal.
Use the stop loss at 8.250 to protect against downside risk.
Scale out profits at each target to secure gains while allowing for further upside.
Monitor price action and volume for confirmation of sustained buying pressure.
⚠️ Risk Reminder: Always manage risk carefully, especially after deep flushes and during relief rallies.