🌊 $RIVER Analysis: Reclaiming Support! Bounce to $8.72 Next? 📉➡️📈
$RIVER is showing signs of a solid recovery on the 15m timeframe! After dropping to a low of 7.226, the price has bounced back and is currently trading at 8.235.
🔍 Technical Outlook:
Bullish Crossover: The price has successfully climbed back above the EMA 7 (Yellow) and EMA 25 (Pink). This indicates that short-term momentum is shifting back to the bulls.
Immediate Resistance: The next major obstacle is the EMA 99 (Purple Line) sitting around 8.72. If we break this, a retest of the 9.50 high is highly likely.
Volume: Buying volume is stabilizing, supporting this upward move.
📊 Trade Setup (Long/Scalp):
🟢 Entry Zone: 8.10 - 8.25 (Current Level)
🎯 Target 1: 8.72 (EMA 99 Resistance)
🎯 Target 2: 9.50 (Recent Swing High) 🚀
🛑 Stop Loss: 7.80 (Below recent consolidation)
⚠️ Risk Management: This is a recovery play, so keep your Stop Loss tight!
Don't miss the next pump! Hit that FOLLOW button now for daily profitable signals! 🔔💸
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