🌊 Trade Opportunity: $RIVER /USDT (Perp)
The market has seen a significant correction, but we are starting to see signs of a potential bounce near the 4.32 support level.
With the current price sitting around 5.07, the risk-to-reward ratio looks compelling for a recovery play back into the Fibonacci zones.
📊 Technical Indicators
• Support Found: Strong bounce off the 24h low at 4.321.
• Momentum: MACD is showing signs of rounding out—watch for a bullish crossover.
• Supertrend: Currently acting as resistance at 5.286; breaking this could trigger a sharp move upward.
🎯 Profit Targets
Stay disciplined and take profits at these key Fibonacci levels:
• TP 1: 6.15 (0.236 Fib Level)
• TP 2: 7.05 (0.5 Fib Level)
• TP 3: 8.04 (0.786 Fib Level)
Note: Always use proper risk management. A tight stop-loss just below the recent wick at 4.30 is recommended to protect your capital.