Not every sharp rally deserves to be chased. Sometimes the strongest move is the rejection that follows exhaustion.
$RIVER /USDT – SHORT
Trade Plan:
Entry: 3.08 – 3.13
SL: 3.33
TP1: 2.95
TP2: 2.80
TP3: 2.62
Why this setup?
- After an explosive rally from the 2.46 region to 3.49, momentum has started to fade as heavy selling pressure appeared near the highs.
- The 1H chart is printing a lower high after rejection, while MA(7) is beginning to roll over, signaling weakening bullish momentum.
- Price is attempting to hold above MA(25), but repeated failures to reclaim the 3.20–3.30 area keep sellers in control.
- A break below the 3.00 psychological level could trigger another wave of liquidation, making 2.95 the first downside target before extending toward 2.80 and 2.62.
- The bearish setup remains valid unless buyers reclaim and close above 3.33, offering an attractive risk-to-reward for a continuation short.
Debate:
Is this just a healthy pullback before another push higher, or the beginning of a deeper correction after an overheated rally? 👇
#write2earn
$RIVER /USDT – SHORT
Trade Plan:
Entry: 3.08 – 3.13
SL: 3.33
TP1: 2.95
TP2: 2.80
TP3: 2.62
Why this setup?
- After an explosive rally from the 2.46 region to 3.49, momentum has started to fade as heavy selling pressure appeared near the highs.
- The 1H chart is printing a lower high after rejection, while MA(7) is beginning to roll over, signaling weakening bullish momentum.
- Price is attempting to hold above MA(25), but repeated failures to reclaim the 3.20–3.30 area keep sellers in control.
- A break below the 3.00 psychological level could trigger another wave of liquidation, making 2.95 the first downside target before extending toward 2.80 and 2.62.
- The bearish setup remains valid unless buyers reclaim and close above 3.33, offering an attractive risk-to-reward for a continuation short.
Debate:
Is this just a healthy pullback before another push higher, or the beginning of a deeper correction after an overheated rally? 👇
#write2earn