$RIVER is no longer in accumulation. The breakout from 7.06 – 8.50 base was clean, decisive, and backed by strong expansion volume on 4H and Daily. Structure has shifted. Momentum flipped bullish.
But after a vertical impulse into the 11 zone, chasing is emotional. Professionals wait for the higher low.
The 9.00 – 9.60 region is key. That area represents prior resistance now expected to act as support. If price retraces into that pocket and shows stability, it confirms strength, not weakness.
If Daily closes below 8.20, the breakout fails and bias changes. Until then, pullbacks are opportunities.
Direction Long
Entry Zone 9.00 – 9.60
Stop Loss 8.20 Daily close
Target 1 13.70
Target 2 17.40
Target 3 21.10
This is a patience trade. Let price come to your bids. If it runs without you, accept it. Capital protection matters more than catching every move. The edge is discipline, not prediction.
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