📉 $RIVER Analysis: Oversold Bounce Incoming? (Trade Setup) 🎯

Let's look at the 4H timeframe for $RIVER. The price has retraced significantly to $12.50, approaching the major demand zone.

Technical Outlook:

The price is currently trading below the EMAs, indicating a downtrend, but the volume is drying up, suggesting seller exhaustion.

Immediate support lies between $11.80 - $12.20.

We need to reclaim the 7 EMA ($13.32) to confirm a reversal.

🚀 Long Setup:

đŸ”č Entry: $12.40 - $12.60

đŸ”č TP 1: $13.40 (Short Term)

đŸ”č TP 2: $15.30 (EMA 25 Resistance)

đŸ”č TP 3: $19.80 (Swing Target)

đŸ›Ąïž Stop Loss: $11.40 (Strict)

Risk Management is key! Do not go all-in. 💰

#RIVERUSDT #CryptoTrading #signalsfutures #BinanceSquare #ChartAnalysis

$RIVER

RIVERBSC
RIVERUSDT
9.311
-26.25%