๐ฏ Trade Setup: $RIVER
Direction: Long ๐ข
Entry Zone: $17.350 โ $17.600
Stop Loss: $15.800
Take Profit 1: $19.500
Take Profit 2: $22.400
Take Profit 3: $26.000
๐ Market Analysis:
$RIVER has recently completed a massive corrective phase, finding a solid floor around the $13.00 level. On the 4H timeframe, we are seeing a classic V-shaped recovery signaling a shift in market character (CHoCH). The price has successfully broken out of the local bearish channel and is currently establishing a Higher Low (HL) structure. We are seeing institutional accumulation as the price stabilizes above previous resistance-turned-support.
โก Key Reasons:
โข Bullish Reversal: Strong price action confirms a bottom is in after the recent sell-off.
โข Volume Spike: Increasing buying volume suggests smart money is stepping in.
โข Support Flip: The $17.00 zone is now acting as a launchpad for the next leg up.
โข R/R Ratio: This setup offers a clean 1:4 Risk-to-Reward ratio targeting the $26 liquidity pool.
๐ Pro Tip:
Never chase a green candle. Wait for the retest of the breakout zone to ensure you get the best entry with minimal drawdown.
โ ๏ธ Disclaimer:
This is not financial advice. Always manage your risk and use appropriate leverage.
@Binance Earn Official @Riverdotinc
Direction: Long ๐ข
Entry Zone: $17.350 โ $17.600
Stop Loss: $15.800
Take Profit 1: $19.500
Take Profit 2: $22.400
Take Profit 3: $26.000
๐ Market Analysis:
$RIVER has recently completed a massive corrective phase, finding a solid floor around the $13.00 level. On the 4H timeframe, we are seeing a classic V-shaped recovery signaling a shift in market character (CHoCH). The price has successfully broken out of the local bearish channel and is currently establishing a Higher Low (HL) structure. We are seeing institutional accumulation as the price stabilizes above previous resistance-turned-support.
โก Key Reasons:
โข Bullish Reversal: Strong price action confirms a bottom is in after the recent sell-off.
โข Volume Spike: Increasing buying volume suggests smart money is stepping in.
โข Support Flip: The $17.00 zone is now acting as a launchpad for the next leg up.
โข R/R Ratio: This setup offers a clean 1:4 Risk-to-Reward ratio targeting the $26 liquidity pool.
๐ Pro Tip:
Never chase a green candle. Wait for the retest of the breakout zone to ensure you get the best entry with minimal drawdown.
โ ๏ธ Disclaimer:
This is not financial advice. Always manage your risk and use appropriate leverage.
@Binance Earn Official @Riverdotinc
