$RIVER


$RIVER Looking for an entry point after the storm! 🌊📉

After a prolonged drop, RIVER found support. The minimum at $7.854 was successfully tested, and now we see an attempt to reverse the trend on the 4-hour chart.
​Situation analysis:
Currently, the price is trading around $8.59. Volumes are starting to increase, and MACD hints at a fading bearish momentum. It seems that a large player has begun accumulating a position in this zone.
​My thoughts on the trade:
🔹 Long / Spot entry: current prices (8.50 - 8.60$) look very attractive for building a position.
🔹 Take Profit 1: $9.61 (nearest MA5)
🔹 Take Profit 2: $10.16 (psychological level and MA10)
🔹 Stop Loss: below $7.80 (if we break the bottom, we go deeper).
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