🚀 LONG SIGNAL: $RIVER
The price has broken through the long-term accumulation zone and confirmed an upward trend on the 4H timeframe with a surge in buying volume.
The heatmap shows a large amount of short liquidity waiting to be liquidated in the $19.0 - $20.0 range, and prices typically tend to get pulled up there.
🎯 ENTRY ZONE:
Entry 1 - Risky: 17.20 - 17.50 USDT Catching a slight correction during the Asian/European session.
Entry 2 - Safe: 16.00 - 16.50 USDT Waiting for a retest of the middle of the strong bullish candle + Strong support zone.
💰 TAKE PROFIT:
TP 1: 19.80 - 20.00 USDT Liquidating the shorts in the upper range.
TP 2: 23.50 - 24.00 USDT Old supply zone / Strong resistance on the 4H timeframe.
TP 3: Open to taking profit if it breaks through 24.0.
🛑 STOP LOSS: 14.40 USDT If the 4H candle closes below this level, the upward structure is broken, and the buying side fails.
⚠️ Note on capital management:
Leverage: Recommended x3 - x5 due to the large volatility of RIVER, >35% today.
Volume: Spread the capital evenly, no All-in. If Entry 1 is filled, then allocate more towards Entry 2.
Wishing you all a successful return and brilliant profits! 🌊💸