$RIVER USDT TECHNICAL ANALYSIS: BULLISH REVERSAL CONFIRMED
MARKET OUTLOOK💥💥👊
The chart exhibits a strong recovery following a sharp liquidity grab near the 17.50 level. A classic V-shaped recovery on the 1H timeframe has reclaimed previous resistance zones, converting them into a solid support base. The recent price action shows a successful retest of the breakout point, suggesting that the corrective phase is over and the next impulsive leg upward is beginning.
TRADE SETUP
* STRATEGY: Long on Support Retest
* TARGET 1 (TP1): 27.80
* TARGET 2 (TP2): 30.50
* TARGET 3 (TP3): 33.00
* STOP LOSS (SL): 21.40
RISK MANAGEMENT
Maintain a professional approach by risking no more than 1-2% of your total account equity on this single trade. Utilize a minimum Risk-to-Reward ratio of 1:2.5 to ensure long-term profitability. Adjust the position size based on the volatility and ensure the Stop Loss is strictly followed to protect capital against sudden market shifts.
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