Bullish momentum continues
The $RIVER /USDT chart shows a strong bullish continuation on the 4-hour timeframe. The price is currently riding the upper Bollinger Band, indicating high momentum, though it is approaching a critical resistance zone.
Here is a technical long set-up based on your screenshot and current market data:
🚀 RIVER/USDT Long Signal
Market Bias: Bullish (Momentum Play)
Current Price: $24.91
Entry Strategy
* Aggressive Entry: $24.85 - $24.95 (Current Market Price)
* Conservative Entry: $23.30 - $23.60 (Wait for a retest of the Middle Bollinger Band/support flip)
Take Profit (TP) Targets
* TP1: $26.03 (Recent local high/resistance)
* TP2: $28.50 (Psychological level)
* TP3: $31.20 (Next major structural resistance)
Stop Loss (SL)
* SL: $21.90 (Below the 4H lower Bollinger Band and recent swing low)
Technical Breakdown
* Trend: The 4H chart shows a series of higher highs and higher lows. The price is currently holding above the $24.00 breakout zone.
* Indicators: * Bollinger Bands: Price is hugging the upper band, confirming a strong trend.
* Volume: There is a visible spike in buying volume accompanying the recent green candles.
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