🎯 Trade Setup: $RIVER
Direction: Long 📈
Entry Zone: 15.700 – 15.900
Stop Loss: 15.150
Take Profit 1: 16.550
Take Profit 2: 17.800
Take Profit 3: 19.200
📊 Market Analysis:
Looking at the 1H chart, $RIVER has successfully reclaimed the key psychological level of 15.00. After a sharp correction toward the 12.60 demand zone, we are seeing a classic "V-shape" recovery. The price is currently carving out a Bullish Market Structure with a fresh Higher High (HH) near 16.18. We are seeing strong institutional accumulation as indicated by the volume spikes on the recent green candles, suggesting smart money is stepping in to absorb the sell-side liquidity.
⚡ Key Reasons:
• Support Reclaim: The previous resistance at 15.00 has now flipped into a solid support base.
• Bullish Momentum: Price is trading above the immediate EMA trendline with expanding volume.
• Liquidity Grab: The recent "stop hunt" below 13.00 cleared out weak longs, paving the way for a cleaner move up.
• R/R Ratio: This setup offers a clean 1:4 Risk-to-Reward, targeting the next major supply zone near 19.00.
📈 Pro Tip:
Always wait for a 15m candle closure above your entry zone to avoid "fakeouts" during high volatility.
⚠️ Disclaimer:
This is not financial advice. Always manage risk.