$RIVER — Looking for the Bounce 📈
We’re keeping a close eye on RIVER as price stabilizes at a major support zone. While the dip into the 37.2k area was sharp, the instant rejection wicks and shrinking candle bodies suggest that selling pressure is finally drying up. Instead of a free-fall, we are seeing price starting to base, which is a very positive signal for a potential reversal.
Here is the setup for a relief bounce:
🔹 Entry Zone: 38,800 – 39,400
🎯 Target 1: 42,000
🎯 Target 2: 44,500
🎯 Target 3: 47,000
🛑 Stop Loss: 36,800
The risk is well-defined, and the upside is clear. Now, it’s all about execution and patience.
#RIVER #CryptoTrading #TechnicalAnalysis #MarketUpdate #LongSetup @SaleeM_MeYo