The current price is 8.06 after an impulsive increase of +15%. The market structure shows a valid bullish reversal from the demand area of 2.90–3.20, with the price having breached and remained above MA(7) and MA(25). Momentum is still strong, but the price is approaching the old supply area of 8.50–10.40, so the potential for a short-term pullback remains.
Bullish Scenario (main – follow trend)
As long as the price remains above key support, the uptrend is still dominant.
Entry: 7.50 – 7.80
(healthy pullback to support area & MA7)
TP1: 8.50
TP2: 9.20
TP3: 10.40
Stop Loss: 6.90
Notes:
If TP1 is reached, it is recommended to take partial profit and move SL to break even. A clean break above 8.50 opens the way for a retest of the previous high.
Bearish Scenario (correction / profit taking)
This scenario is temporary, not a reversal of the main trend.
Entry: Strong rejection at 8.50 – 8.80
TP1: 7.80
TP2: 7.10
TP3: 6.30
Stop Loss: 9.20
Notes:
As long as the price does not break down below 6.30, the correction is still considered healthy within the larger bullish structure.
Conclusion
The current BIAS RIVER is bullish. The rise is supported by a reversal structure and improving volume. The best strategy is to buy on pullback, not chase the price in the resistance area. The area of 8.50–10.40 is a crucial zone: if breached, the potential for trend continuation is very high; if failed, a reasonable correction may occur. Risk management remains essential due to high volatility after an impulsive move.
$RIVER
