$RiVN long idea 17$ calls

Original Reddit post

RIVN technical setup at support with a long call idea and defined bull/bear breakout levels.

RIVN — LONG Author flags RIVN as a long idea using $17 calls while price sits right on $16.65 support. The causal mechanism is technical: bulls need a reclaim of $17.83 to shift momentum, and if the demand zone holds the author sees a gap up to $22.00. The author also notes R2 validation units rolling off the line and watches RSI for an oversold bounce; the stated bearish risk is a clean break below $16.00 targeting $15.05.

$RiVN long idea 17$ calls

RIVN — WATCH Author gives the bearish scenario that a clean break below $16.00 confirms breakdown, with next stop at the $15.05 volume profile support. This is conditional on the break, so the author is watching for that level to trigger a downside target rather than asserting a current short.

🐻 Bears: A clean break below $16.00 confirms the breakdown. Next stop is the $15.05 volume profile support.