$RIVER
TECHNICAL ANALYSIS — BULLISH CONTINUATION SETUP
$RIVER is showing strong bullish momentum after an impulsive breakout, supported by expanding volume and higher-high / higher-low structure. Price has successfully reclaimed a key supply zone and is now consolidating above it, signaling continuation rather than exhaustion. Momentum indicators favor buyers, and pullbacks are being absorbed quickly, confirming trend strength.
Bias: Bullish
Position: Long
Long Entry:
• On a healthy pullback into the broken resistance zone (now acting as support)
• Or on a confirmed breakout and hold above the consolidation range
Targets (TP):
• TP1: Previous swing high extension
• TP2: Measured move of the last impulse
• TP3: Upper liquidity zone / trend extension area
Stop Loss (SL):
• Below the invalidation level under the last higher low
• Trend is invalid if structure breaks down
Market Expectation:
As long as price holds above key support and volume remains supportive, upside continuation is favored with momentum-driven expansion.
Risk Management:
Use fixed risk per trade, wait for confirmation before entry, and trail stop loss after TP1 to protect capital.
#RSI #PRICEACTION #SUPPORTRESISTANCE #BREAKOUT #TRENDANALYSIS