$RIVER — Update: Strong buyer presence as recovery continues
Long $RIVER
Current Price: 17.006
Status: Holding
Conservative Targets:
TP1: 17.50
TP2: 18.40
Stop Loss: Move to Breakeven / 16.80
The trade is progressing well as buyers remain significantly strong. Following the successful test of the local bottom, the price has reclaimed the $17.00 psychological level on the 1m timeframe.
On the lower timeframes, the structure is forming a series of higher lows, and the RCI indicator continues to show sustained bullish momentum, holding steady in the upper range. Volume remains consistent, supporting the current upward move as the asset pushes toward the VWAP on the higher timeframes.
As long as the price holds above the local support at $16.82, the momentum favors a continuation toward the primary resistance zones.
Manage risk and secure partial profits.
