šØ $RIVER :Dead-Cat Bounce or Trap Rally? šØ
$RIVER just ripped +25% in a flash ā from $39 ā $50 ā and now itās stalling right at heavy resistance. This doesnāt look like a healthy trend reversal⦠it looks like liquidity hunting š
š“ Bias: SHORT
š Entry: $49.3 ā $50.3
š Stop-loss: $54.2
šÆ Targets: $45 ā $40
š§ Breakdown:
The move was vertical, fueled by sudden liquidity ā not real accumulation
$50 zone = major rejection & profit-taking area
After explosive expansions, price usually mean-reverts
As long as RIVER stays below $54, sellers remain in control
If price rejects here, a pullback to $45 is likely. Lose momentum and $40 comes into play.
š Clean structure. Tight invalidation. Solid fade setup with strong R:R.
Not chasing pumps ā we fade emotions šø
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