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RIVER Technical Setup: Long Opportunity Emerging
The chart is flashing potential entry signals for RIVER traders right now. Price action suggests momentum building toward the upside, with two distinct profit-taking levels identified.
First target sits at 25.0, marking an immediate resistance breakout zone. If buying pressure sustains, the second target of 28.0 comes into view, representing a more substantial move up the chart.
Current technical confluence looks favorable for long positions - support holds, momentum indicators align, and volume patterns support continuation. The setup appears tight, so execution timing matters.
For traders watching this pair, these are the levels to monitor. The near-term trend structure suggests upward potential, though as always, proper risk management and entry confirmation remain essential before committing capital.