$RIVER is showing strong recovery after a sharp drop and is now consolidating near the upper range...
It has bounced nicely from the 24h low and the trend looks ready for a continuation toward the next resistance... You can consider a LONG here, with a target at $9.00+
Chart Analysis:
RIVER has printed a strong recovery candle after hitting a low of $7.226. The price is currently holding above $8.10 and showing signs of accumulation. The structure suggests a potential retest of the 24h high if momentum continues.
Key Observation:
The move up is clean and steady, with the price respecting the rising support. Holding above $8.00 is crucial for the bulls to push toward the next resistance zone.
Trade Idea:
· Action: LONG on the current dip or if price holds above $8.10.
· Entry Zone: $8.10 – $8.20
· Target 1: $8.65
· Target 2: $9.00+
· Stop Loss: Below $7.90
Summary:
RIVER is showing good recovery strength and a clean upward structure. This setup offers a solid risk-reward for a move back toward the 24h high and beyond.
I always say^^^
Always do your own research and manage your risk carefully.
#RIVER #Trading #Crypto #Recovery #Uptrend