I’m watching $RIVER closely, and this small pullback is healthy—it’s shaking out weak positions and letting the market regain balance before the next move.
Here’s the trade setup I’m tracking:
Entry Zone: $8.35–$8.40 — a strong support area from previous bounces and near the 0.618 retracement from the last swing high.
Target 1: $8.60 — first reaction zone where sellers previously appeared.
Target 2: $8.85 — previous consolidation high, a key resistance area.
Stop Loss: $8.30 — just below the recent support to limit risk.
This zone is strong because price has reacted here multiple times before, showing solid buyer interest. If this level holds, $RIVER could quickly regain upward momentum.
They’re building strength, and with a $1.0181K short liquidation at $8.37235, shorts are being cleared—setting up a potential bounce.
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