$RIVER – Bearish rejection at dynamic resistance as recovery momentum fades
Short $RIVER
Entry: now
SL: 14,85
TP: 12,2 – 11,5 – 10,95
On the 15m timeframe, $RIVER has exhibited a significant bearish structure after failing to sustain its position near the 16,699 peak. The current candlestick structure shows a weak relief rally from the 10,934 base that has stalled exactly as it approached the MA99 dynamic resistance (purple line). The recent candles are characterized by small bodies and upper shadows, indicating that buyers lack the strength to push price higher while sellers are actively defending the overhead resistance cluster. As the price begins to trade below the MA7 and MA25 again, it suggests that the downward trend is resuming. A technical move to retest the recent support floor at 10,934 is highly probable as the overall trend remains suppressed under the major moving averages.
Short $RIVER
Entry: now
SL: 14,85
TP: 12,2 – 11,5 – 10,95
On the 15m timeframe, $RIVER has exhibited a significant bearish structure after failing to sustain its position near the 16,699 peak. The current candlestick structure shows a weak relief rally from the 10,934 base that has stalled exactly as it approached the MA99 dynamic resistance (purple line). The recent candles are characterized by small bodies and upper shadows, indicating that buyers lack the strength to push price higher while sellers are actively defending the overhead resistance cluster. As the price begins to trade below the MA7 and MA25 again, it suggests that the downward trend is resuming. A technical move to retest the recent support floor at 10,934 is highly probable as the overall trend remains suppressed under the major moving averages.
