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🧵 RIVER Long Strategy | Previous resistance turned support, light position to try long
💬 Which coin needs analysis? Leave a comment in the comment section. This is only personal analysis sharing and does not constitute investment advice.
📌 Current market condition
· Support structure: Price has reached the previous breakout resistance zone (about $6.40-6.50), which has now turned from resistance to support
· Hourly level: Bottom formation has appeared
· Whale activity: On-chain monitoring shows whales are accumulating positions in this area
📌 Trading plan
· Entry: Current price 6.43, light position to try long
· Stop loss: 6.25 (small stop loss, about 2.8% space)
· Position: Light
Take profit levels (in stages):
· TP1: 6.80
· TP2: 7.30
· TP3: 8.60 (space opens after stabilizing above 7.30)
📌 Core logic
Hourly bottom + previous support zone transition + whale accumulation. Small stop loss to try long, good risk-reward. After stabilizing above 7.30, target 8.60.
Try long at support zone, small stop loss to catch rebound.
$RIVER #Gate广场五月交易分享