Quick $RIVER trade.
If you look at the chart clearly, RIVER was moving inside a rising channel for days. Price kept respecting that structure and funding was extremely negative, meaning shorts were paying heavily and leverage was building.
Now we finally got the real move.
Price has broken down from the channel with a strong impulsive red candle. This is not a normal pullback. This is structure damage. The move shows that trapped longs and late buyers are getting flushed, and volatility has started.
After such a breakdown, markets usually retest and continue in the direction of the break.
Trade idea (high risk, short-term):
Short Entry: 40
Stop Loss: 43
Target: 31
This is a momentum + structure breakdown trade. If price goes back inside the channel and holds, idea is invalid. Otherwise, more downside is very possible as leverage unwinds.
Trade safe. Don’t over-leverage.
