🚨 $RIVER Strategy: The Demand Zone Recovery
RIVER is successfully bouncing from its critical demand zone. We are watching for a sustained hold above $5.80 to confirm a shift in market structure from bearish to constructive.
Entry Zone: $5.40 – $5.80 (Accumulating the Bounce)
Bullish Above: $6.00 (Confirmation of Local Trend Shift)
TP1: $6.50 (First Major Resistance)
TP2: $7.20 (Mid-term Supply Zone)
TP3: $8.00 (Psychological Breakout Target)
Stop Loss: $4.90 (Strict exit below the recent capitulation low)
Trade Logic:
The technical setup is a classic "Reversal Play." RIVER has established a firm support floor at $4.404, and the current recovery to $5.71 marks a 28% gain in 24 hours. The MACD is currently neutral, showing that the intense selling pressure from the April 13th crash has finally stabilized. If price can flip the $5.89 resistance into support, we anticipate a fast squeeze toward $6.50 as short sellers are forced to cover their positions.
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