Based on the $RIVER /USDT Perpetual Contract 4-hour chart, the price has successfully touched a major historical diagonal support line and is showing an early bullish reversal signal. This setup is positioned at a key intersection of support levels, indicating a high-probability bounce. 🤑👇
🚀 RIVER/USDT Long Setup
Entry Zone: 13.50 – 14.50
Strategy: The Current Market Price (CMP) of 14.147 is within the ideal accumulation zone as it sits directly on the primary support trendline.
Stop Loss (SL): 11.80
Place this below the major horizontal support and the recent swing low to protect against a trendline breakdown.
Top Profit (TP): 22.00 – 24.00
This targets the median line of the new ascending channel and a previous resistance zone. This move represents a potential +55% to +65% gain
Trendline Precision: The chart shows the price respecting a long-term diagonal support that has held multiple times since early March.
Reversal Pattern: The recent price action at the support suggests a "V-shaped" recovery attempt is beginning.
Risk/Reward Ratio: Because the entry is so close to the definitive support line, this trade offers an exceptionally high reward-to-risk ratio
👇🤑Keep buying On Risk manage 👇👍
