RIVER/USDT SUPPORT BOUNCE OR ANOTHER BREAKDOWN?
Trade Plan: LONG
Entry Zone: 1.12 – 1.16 USDT
Stop Loss (SL): 1.08 USDT
Take Profit 1: 1.20 USDT
Take Profit 2: 1.25 USDT
Take Profit 3: 1.32 USDT
RIVER is attempting to recover from the $1.12 support area after recent selling pressure. Buyers need to defend this zone and push the price above $1.20 to strengthen the bullish setup. A breakout above $1.25 could open the way toward $1.32. However, losing $1.08 would invalidate this long setup and expose the price to further downside.
$RIVER
Trade Plan: LONG
Entry Zone: 1.12 – 1.16 USDT
Stop Loss (SL): 1.08 USDT
Take Profit 1: 1.20 USDT
Take Profit 2: 1.25 USDT
Take Profit 3: 1.32 USDT
RIVER is attempting to recover from the $1.12 support area after recent selling pressure. Buyers need to defend this zone and push the price above $1.20 to strengthen the bullish setup. A breakout above $1.25 could open the way toward $1.32. However, losing $1.08 would invalidate this long setup and expose the price to further downside.
$RIVER