$RIVER Hello! A quick look at RIVER/USDT (1h), because it's starting to get interesting! ๐๐
โCurrently, we are sitting at 13.75 and honestly? For now, the bears are in control ๐ป. The price is sitting below the middle Bollinger line (about 14.47), so as long as we don't break through that, we are looking down. RSI is spinning around 43, which means there is still room to drop lower before the market says "enough". ๐
โWhat might happen? ๐ค
โ๐ UP OPTION (If we rebound):
If we go above 14.50, we open the way for increases! ๐
โWhere to grow? The first target is 16.40, and if things go well, we are heading to 18.50! ๐ธ
โMy TP (Take Profit): 16.40 / 18.50 ๐ฏ
โMy SL (Stop Loss): 12.80 (to avoid pain if it reverses) ๐ก๏ธ
โ๐ DOWN OPTION (More likely):
If we donโt break 14.40, we will likely test the last bottom. ๐
โWhere to fall? First around 12.00, and if that breaks, we are heading to the psychological 10.50. ๐ฅ
โMy TP (Take Profit): 12.00 / 10.50 ๐ฐ
โMy SL (Stop Loss): 15.20 ๐
โIn summary: Now is the moment of waiting ๐. The bands are narrowing, so a strong move is coming in one direction! I'm monitoring the level of 14.50 โ that will tell us whether it's time to buy or escape. ๐๐
โGood luck and green trades! ๐น๐
โCurrently, we are sitting at 13.75 and honestly? For now, the bears are in control ๐ป. The price is sitting below the middle Bollinger line (about 14.47), so as long as we don't break through that, we are looking down. RSI is spinning around 43, which means there is still room to drop lower before the market says "enough". ๐
โWhat might happen? ๐ค
โ๐ UP OPTION (If we rebound):
If we go above 14.50, we open the way for increases! ๐
โWhere to grow? The first target is 16.40, and if things go well, we are heading to 18.50! ๐ธ
โMy TP (Take Profit): 16.40 / 18.50 ๐ฏ
โMy SL (Stop Loss): 12.80 (to avoid pain if it reverses) ๐ก๏ธ
โ๐ DOWN OPTION (More likely):
If we donโt break 14.40, we will likely test the last bottom. ๐
โWhere to fall? First around 12.00, and if that breaks, we are heading to the psychological 10.50. ๐ฅ
โMy TP (Take Profit): 12.00 / 10.50 ๐ฐ
โMy SL (Stop Loss): 15.20 ๐
โIn summary: Now is the moment of waiting ๐. The bands are narrowing, so a strong move is coming in one direction! I'm monitoring the level of 14.50 โ that will tell us whether it's time to buy or escape. ๐๐
โGood luck and green trades! ๐น๐