$RIVER Setting Up For A Recovery Push 🌊
$RIVER sharp rebound from local lows with momentum starting to shift back bullish — continuation setup forming.
🟢 LONG $RIVER
Entry Zone: 7.35 & 7.50
Stop Loss: 7.15
Target 1: 7.75
Target 2: 8.10
Target 3: 8.60
RIVER printed a strong recovery after sweeping the lower range near 7.0 and quickly reclaiming support. Price is now building higher lows while buyers defend pullbacks — a sign that momentum may continue rotating upward after the recent correction.
As long as 7.15 support holds, the bullish structure remains intact. A clean reclaim above 7.60 could trigger continuation toward 7.75 first. If momentum expands further, 8.10 becomes the next major resistance, with 8.60 acting as the higher timeframe breakout target.
The move still looks early, so patience on entries matters. Pullbacks into support are generally safer than chasing breakout candles.
A breakdown and acceptance below 7.15 would invalidate the long setup.
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