Market Update of RIVER Analysis
After a sharp rejection from the $33.00 high, $RIVER is currently stabilizing around $16.81. We’re seeing signs of exhaustion from sellers near the key $11.35 support level, signaling a potential trend reversal.
Technical Snapshot:
Volume: Selling pressure is thinning out, suggesting the local bottom is likely in.
Trade Signal: LONG
I'm looking for a bounce here. The risk-to-reward is highly favorable for a move back toward previous liquidity zones.
* Entry: $16.00 – $16.85
* Take Profit: $19.40 | $22.80 | $28.60
* Stop Loss: $13.80