$RIVER Market Update
Trade Type: LONG (Momentum Pullback / Trend Continuation)
Entry Zone: 17.70 – 18.20
Support Zone: 16.90 – 17.20
Targets:
TP1: 20.10
TP2: 21.30
TP3: 22.80
Stop Loss: 16.40
Market View:
RIVER has shown strong bullish expansion, pushing to the 20.10 high with aggressive buying volume. The market structure remains bullish on the short timeframe, with price still trading above the main trend moving averages.
The current move looks like a healthy pullback after a sharp impulse leg. As long as price holds above the 16.90–17.20 support zone, buyers remain in control and continuation toward higher liquidity levels is likely.
A reclaim and strong break above 20.10 can trigger the next expansion phase toward the 21–23 area.
If price loses 16.40 and holds below it, bullish momentum weakens and the long setup becomes invalid.
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