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Hxlaw
Hxlaw
$RIVER Technical analysis 1. Trend: The price is in a short-term uptrend. The price line is above all moving averages (MA5, MA10, MA20, MA30, MA60, MA120), indicating that the buying force is completely in control of the situation. 2. Support & Resistance: * Latest resistance: Old peak around 7,880. • Hard support: Zone 7,400 - 7,500 (where short-term MA lines converge). 3. Candle signal: The nearest candle is now increasing sharply, approaching the old top with a long candle body, indicating that the momentum of excitement is still there. Trading strategy • Buy (Entry): Do not chase (FOMO) at the current price (7,718). Prioritize waiting for the correction to the support area of 7,500 - 7,550 or wait for the price to break completely and close the candle above 7,880. • Take Profit (Take Profit): The next target in the area of 8,200 - 8,500. • Stop Loss (Stop Loss): Set below 7,350 (breaking the rising structure of MA30). Conclusion: It is possible to buy, but it is necessary to wait patiently for the price to retest the support lines to optimize profits and minimize risks.

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