By #RIVERUSDT ๐
Yes, there is still liquidity above, the market may make a move up.
But based on the current structure, I am no longer interested in this growth for a long position.
๐ I am starting to consider a SHORT scenario from the current zones.
Why:
the main upward impulse has already played out
there is liquidity above, but it is becoming increasingly "thinner"
a clear return zone has been formed below
the market looks overheated at the current levels
๐ฏ Short Plan RIVER
Area of interest:
6.8 โ 7.0
From here, it makes sense to expect a price drop to take liquidity below the market.
๐ข Take profits (realistically)
TP1: 6.2 โ 6.0
โ first pullback, fixing part of the position
TP2: 5.4 โ 5.2
โ main liquidity zone, expecting a good reaction here
TP3 (if given): 4.6 โ 4.4
โ maximum scenario, deep market cleaning
Yes, there is still liquidity above, the market may make a move up.
But based on the current structure, I am no longer interested in this growth for a long position.
๐ I am starting to consider a SHORT scenario from the current zones.
Why:
the main upward impulse has already played out
there is liquidity above, but it is becoming increasingly "thinner"
a clear return zone has been formed below
the market looks overheated at the current levels
๐ฏ Short Plan RIVER
Area of interest:
6.8 โ 7.0
From here, it makes sense to expect a price drop to take liquidity below the market.
๐ข Take profits (realistically)
TP1: 6.2 โ 6.0
โ first pullback, fixing part of the position
TP2: 5.4 โ 5.2
โ main liquidity zone, expecting a good reaction here
TP3 (if given): 4.6 โ 4.4
โ maximum scenario, deep market cleaning