I took a close look at the chart for $RIVER and after an extended downward slide, the price action is shaping up into a strong long opportunity.
Signal: $RIVER
* Direction: Long
* Leverage: 20x – 50x
* Entry: 1.20 - 1.25
* Target 1: 1.500
* Target 2: 1.950
* Stop Loss: 1.010
We saw heavy volume step in right around the 1.01 low to absorb the selling pressure, signaling a clear bottom defense and exhaustion from sellers.
As long as this support base holds firm, momentum looks primed for a sharp relief rally back up into overhead supply levels.
Execution Strategy
* Secure partial profits as soon as the price reaches Target 1 and shift your stop loss straight to entry to make the trade risk-free.
* Allow your remaining runner to target the broader liquidity pool at Target 2.
* Given the high leverage range, keep your position size disciplined and ensure your margin ratio is strictly managed.
Signal: $RIVER
* Direction: Long
* Leverage: 20x – 50x
* Entry: 1.20 - 1.25
* Target 1: 1.500
* Target 2: 1.950
* Stop Loss: 1.010
We saw heavy volume step in right around the 1.01 low to absorb the selling pressure, signaling a clear bottom defense and exhaustion from sellers.
As long as this support base holds firm, momentum looks primed for a sharp relief rally back up into overhead supply levels.
Execution Strategy
* Secure partial profits as soon as the price reaches Target 1 and shift your stop loss straight to entry to make the trade risk-free.
* Allow your remaining runner to target the broader liquidity pool at Target 2.
* Given the high leverage range, keep your position size disciplined and ensure your margin ratio is strictly managed.
