$RIVER — monitoring for a potential reversal after local bottom test

Long $RIVER

Entry: 16.85 – 16.95

Stop Loss: 16.20

TP1: 17.50

TP2: 18.40

TP3: 19.10

Following a sharp impulsive move down, the price found significant support at the $16.22 level where a clear bounce occurred. Currently, the asset is consolidating and attempting to stabilize above the $16.90 zone.

The RCI on the 1m timeframe has recovered from oversold territory, suggesting that selling pressure is cooling down. On the 5m chart, the structure shows signs of a momentum shift as it attempts to reclaim local resistance levels.

As long as the price maintains its position above the recent lows, a recovery toward the VWAP and previous consolidation zones remains the primary outlook.

Manage risk.

RIVERUSDT

Perp

20.48

+24.43%