$RIVER - Long Trading Setup 🚀
$RIVER rose strongly with strong momentum and is now holding above the previous resistance level, which has turned into support 💪.
_Fundamentals_:
- _Strong Momentum_: The price shows strong momentum with continuous rise 📈.
- _Turned into Support_: The previous resistance has turned into support, indicating strength in demand 🔄.
- _Shallow Retracements_: Shallow retracements indicate strength in demand and lack of strong selling pressure 💼.
_Trading Setup_:
- _Entry Point_: 7.60 – 7.80 📍
- _Profit Taking Targets_:
- _Target 1_: 8.20 🚀
- _Target 2_: 8.50 📈
- _Target 3_: 9.00 💥
- _Stop Loss_: 6.90 ⚠️
_Trading Tips_:
- _Discipline_: Trading should be done with self-control and adherence to the setup 📝.
- _Risk Management_: A stop loss should be placed to protect capital ⚠️.
- _Hold Above Support_: Support should be maintained to enhance chances of success 🔮.
The currency shows potential for an upward move with a likelihood of strong bullish movement 🚀. As long as the price holds above support, the bullish trend remains likely.
$FOLKS
