$RIVER
🚨 QUICK BUY SETUP (15M) — DON'T MISS! 🚨
📈 $RIVER Analysis: Aggressive Support Bounce in Play! ⚡
Market Perspective:
RIVER is currently showing a sharp rejection from its local lows on the 15-minute timeframe. After a period of selling pressure, the price has found immediate buyers at the $18.28 (EMA 99) level, signaling a potential short-term reversal or "relief rally".
15M Technical Breakdown:
Immediate Support: The price is respecting the purple line (EMA 99) near $18.28, which is acting as a strong dynamic support.
The Trigger: We are seeing a bullish green candle forming right off the support. A 15m candle close above $18.50 confirms the local bounce.
Aggressive Entry: Traders can look for entries at the current market price ($18.51) if the momentum stays positive.
Risk Management:
Stop Loss (SL): Strictly below the recent wick at $18.10 or the local swing low.
Take Profit (TP): Target the previous high zone at $19.60 – $20.00.
Trader's Note:
15m setups move very fast. Ensure you take partial profits as the price reaches the EMA 25 (pink line) to secure your gains.
Are you scalping this $RIVER bounce or waiting for a higher timeframe confirmation? Let's hear your plan! 👇
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