$RIVER My previous Rebound Analysis: Long Position for counter Bearish trend hit TP ✅
RIVER update: Bullish Volatile on last hour
• The price has rebounded strongly from the 24H low 30.6, forming a base near 38.5 (Support zone).
• The recent break above 44.3 resistance level on high volume suggests a test of higher resistances at 46.8 then next resistance zone at 50.1
• K-line patterns show bullish engulfing candles near supports at 38.1 and consolidation above 40 USDT, indicating buyer dominance.
Entry long $RIVER : pullback to 43.5-44.0 (near former resistance turned support) or a breakout above 45.0 with volume confirmation.
Stop Loss: 41.5 for a 44.0 entry, respecting the support and ATR volatility.
Target Price $RIVER : 48.5 - 50.0, aligning with next two resistances levels
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