$RIVER Bouncing up from support zone, long with discipline 🚀
Long RIVER trading plan (maximum 20x)
Entry: 3.75 – 3.78
SL: 3.42
TP1: 4.02
TP2: 4.20
TP3: 4.45
The 3.75 – 3.78 zone is showing signs of bouncing up after a correction. The price has held firm above the important support zone, not breaking below 3.42, and buying pressure is starting to reappear, indicating a recovery towards the resistance levels above.
The stop loss is placed below 3.42, a relatively clean area. If this level is lost, the long scenario will be invalidated.
Step targets: 4.02 → 4.20 → 4.45. Each take profit (TP) is quite far apart (~5-10% from entry), be patient and take profits gradually.
The distance from entry to stop loss (SL) is quite wide (~8.7-9.6%). Divide your capital and manage risk well. This is a long recovery pattern, it needs time.
Do you think this area is stable? Or is there still a risk of further decline? Comment to discuss! 🚀
Long RIVER trading plan (maximum 20x)
Entry: 3.75 – 3.78
SL: 3.42
TP1: 4.02
TP2: 4.20
TP3: 4.45
The 3.75 – 3.78 zone is showing signs of bouncing up after a correction. The price has held firm above the important support zone, not breaking below 3.42, and buying pressure is starting to reappear, indicating a recovery towards the resistance levels above.
The stop loss is placed below 3.42, a relatively clean area. If this level is lost, the long scenario will be invalidated.
Step targets: 4.02 → 4.20 → 4.45. Each take profit (TP) is quite far apart (~5-10% from entry), be patient and take profits gradually.
The distance from entry to stop loss (SL) is quite wide (~8.7-9.6%). Divide your capital and manage risk well. This is a long recovery pattern, it needs time.
Do you think this area is stable? Or is there still a risk of further decline? Comment to discuss! 🚀