🚀 The Dual Plan for Currency $RIVER — Is the price ready to break the peak? 🌊⚡
The RIVER chart on the hourly time frame shows a noticeable consolidation above all moving averages (EMA 7, 25, 99), with a positive bounce from recent support areas. The RSI indicator is at 62.3 reflecting a healthy buying momentum with good room to rise before entering the overbought zone.
💰 Suggested Settings:
Order Type: Stop Limit
🔼 Bullish Scenario (Continued Rise)
🟢 Stop Limit Buy
- Activation: 26.25
- Targets: 27.80 ⬅️ 28.62 (previous peak) ⬅️ 30.00
- Stop Loss: 24.80
Idea: Stability of price above $26 and breaking nearby peaks confirms the price's intention to return to test the annual peak at $28.62.
🔽 Bearish Scenario (Momentum Failure and Correction)
🔴 Stop Limit Sell
- Activation: 24.10
- Targets: 23.60 (EMA 99) ⬅️ 22.20 ⬅️ 21.00
- Stop Loss: 25.40
Idea: Breaking the support level at $24.15 means losing control by buyers and heading to test lower support levels and long-term averages.
⚠️ Trade Management:
✔ Activate both orders together (Buy the breakout / Sell the breakdown).
✔ Once one of the orders is activated, manually cancel the other immediately.
✔ Committing to the stop loss is the only guarantee for your continuity in the market.