$RIVER Short Opportunity: Momentum Fading at Supply
đ Trade Setup:
Entry Zone: 48.8 â 49.7
Stop Loss (SL): 51.5
Target 1 (TP): 46.0
Target 2 (TP): 43.5
Target 3 (TP): 40.8
The recent bounce in $RIVER is looking increasingly like a "dead cat bounce." Buyers have failed to reclaim control, and every attempt to push higher is being met with aggressive selling pressure.
Technical Analysis:
Failed Acceptance: The recent push higher was swiftly rejected near the supply zone.
Trend Outlook: Momentum shifted bearish almost immediately after the bounce, suggesting the move was purely corrective.
Structure: The overall market structure remains bearish as long as price stays capped under the current resistance zone. Expect downside continuation.
timeframe, the bearish thesis is invalidated.
and Trade đ Here $RIVER
