$RIVER is showing a strong recovery after a sharp decline and is now consolidating near the upper range.

It has rebounded well from the 24-hour low, and the trend appears ready to continue toward the next resistance level. A LONG position can be considered here, targeting $9.00+.

Chart Analysis:

RIVER printed a strong recovery candle after reaching a low of $7.226. The price is currently holding above $8.10 and showing signs of accumulation. The structure indicates a possible retest of the 24-hour high if momentum continues.

Key Observation:

The upward move is clean and steady, with price respecting the rising support trendline. Holding above $8.00 is crucial for buyers to push toward the next resistance zone.

Trade Idea:

Action: LONG on the current dip or if price maintains above $8.10

Entry Zone: $8.10 – $8.20

Target 1: $8.65

Target 2: $9.00+

Stop Loss: Below $7.90

Summary:

RIVER is demonstrating solid recovery strength with a clean bullish structure. This setup offers an attractive risk-to-reward opportunity for a potential move back toward the 24-hour high and possibly beyond.