RIVER BREAKS DOWN HARD — SELLING PRESSURE STILL DOMINATES
$RIVER is showing clear 1H weakness after a sharp rejection from the $2.93 area and a breakdown toward the $1.937 low. The rebound to $2.55 remains weak so far, making a relief-bounce short more attractive than chasing the current move lower.
$RIVER /USDT — SHORT
Trade Plan
Entry: $2.60–$2.66 on a healthy retest SL: $2.76 TP1: $2.34 TP2: $2.09 TP3: $1.94
Why this setup?
The 1H structure shifted bearish after price failed near $2.93 and produced a strong breakdown candle. The move sliced through the $2.618 area and briefly reached $1.937, confirming heavy selling pressure.
Current price around $2.55 is consolidating below the breakdown zone. A retest toward $2.60–$2.66 that gets rejected would keep the bearish structure intact and provide a cleaner short entry than selling directly after the dump.
A recovery above $2.76 would weaken the short setup, while continued rejection below $2.66 could expose the visible support areas around $2.34, $2.09 and eventually $1.94.
Wait for rejection confirmation on the retest and keep position size controlled. $RIVER
$RIVER is showing clear 1H weakness after a sharp rejection from the $2.93 area and a breakdown toward the $1.937 low. The rebound to $2.55 remains weak so far, making a relief-bounce short more attractive than chasing the current move lower.
$RIVER /USDT — SHORT
Trade Plan
Entry: $2.60–$2.66 on a healthy retest SL: $2.76 TP1: $2.34 TP2: $2.09 TP3: $1.94
Why this setup?
The 1H structure shifted bearish after price failed near $2.93 and produced a strong breakdown candle. The move sliced through the $2.618 area and briefly reached $1.937, confirming heavy selling pressure.
Current price around $2.55 is consolidating below the breakdown zone. A retest toward $2.60–$2.66 that gets rejected would keep the bearish structure intact and provide a cleaner short entry than selling directly after the dump.
A recovery above $2.76 would weaken the short setup, while continued rejection below $2.66 could expose the visible support areas around $2.34, $2.09 and eventually $1.94.
Wait for rejection confirmation on the retest and keep position size controlled. $RIVER