$RIVER is holding above key moving averages after a sharp correction from the impulse high.Price has reclaimed short-term structure and is now consolidating above demand, suggesting continuation rather than breakdown.
๐ข LONG / BUY $RIVER
Entry: $47 โ $49
Targets: $54 โ $60 โ $66
Stop Loss: $42
Technical Analysis:
The bullish structure is reasserting itself after $RIVER successfully defended the critical EMA99 support zone on strong reaction volume.
Weโre seeing absorption and accumulation as buyers step in aggressively following the post-impulse pullback, signaling that smart money is using this consolidation to build positions rather than exit.
RSI remains elevated and curling back upward, holding in bullish territory, while momentum indicators show strength returning โ confirming buyers are regaining control of the trend.
As long as the $42โ$44 demand zone holds, price is positioned for a continuation move toward the previous high. A sustained push above the $50 level could trigger an expansion toward the $60โ$66 range. Strong R/R setup for a trend-continuation play.
