$RIVER bullish momentum building as price holds above support and begins to recover.
Trading Plan LONG: RIVER
Entry: 12.8 – 13.3
Stop-Loss: 12.4
TP1: 13.8 TP2: 14.3 TP3: 15.1
$RIVER is showing a steady recovery structure, with price holding above support and buyers gradually stepping back in. Momentum is building, favoring continuation to the upside toward the TP levels as long as the entry zone holds.
Why this setup? 4H setup is ARMED for a short. Daily trend is bearish, and price is rejecting the 1.547 ref zone. RSI on lower timeframes shows no bullish strength. First target is TP1 at 1.516.
Debate: Is this the start of the next leg down to 1.496, or will bulls stage a surprise reversal here?