RIVERUSDT Bearish Structure Still Controls the Chart
$RIVER continues to trade inside a clear descending channel, forming lower highs and lower lows on the 15M timeframe.
The recent bounce from the lower support looks like a relief move, with sellers still controlling the overall structure.
RIVERUSDT SHORT SETUP
• Entry: 1.795 to 1.825
• TP1: 1.750
• TP2: 1.715
• TP3: 1.680
• Stop Loss: 1.865
The bearish structure remains valid while price stays below the descending resistance and the major moving averages. A rejection around the 1.80 to 1.825 area could bring another selling wave toward 1.75 and the previous low near 1.715. If 1.715 breaks with strong momentum, the move could extend toward 1.68. A strong breakout above 1.865 would invalidate this short setup.
$RIVER continues to trade inside a clear descending channel, forming lower highs and lower lows on the 15M timeframe.
The recent bounce from the lower support looks like a relief move, with sellers still controlling the overall structure.
RIVERUSDT SHORT SETUP
• Entry: 1.795 to 1.825
• TP1: 1.750
• TP2: 1.715
• TP3: 1.680
• Stop Loss: 1.865
The bearish structure remains valid while price stays below the descending resistance and the major moving averages. A rejection around the 1.80 to 1.825 area could bring another selling wave toward 1.75 and the previous low near 1.715. If 1.715 breaks with strong momentum, the move could extend toward 1.68. A strong breakout above 1.865 would invalidate this short setup.
