$RIVER Futures Long Signal
Entry Zone: 2.75 – 2.90
Take-Profit 1: 3.10
Take-Profit 2: 3.40
Take-Profit 3: 3.85
Stop-Loss: 2.55
Leverage (Suggested): 3–5x
Rationale:
#RIVER has printed a strong relief bounce from the 1.61 capitulation low, forming a clear higher-low structure on the intraday timeframe. Price is consolidating above the rising short-term MA cluster, signaling stabilization after an oversold sell-off rather than immediate trend failure.
The current sideways compression above 2.70 suggests accumulation, with sellers unable to push price back below the recent demand zone. As long as price holds above the 2.65–2.70 area, continuation toward overhead liquidity near 3.10 and beyond remains structurally valid.
This setup favors a corrective continuation long within a broader recovery move.
Risk-Management Note:
A decisive breakdown below 2.55 would invalidate the higher-low structure and signal renewed bearish pressure.
