RIVER/USDT Trade Setup — SHORT
Trend: Bullish overall (but short-term overextended)
Timeframe: 4H
Entry Zone:
• $23.50 – $24.50 (major resistance near all-time highs)
Targets:
🎯 TP1: $20.50 (near current support pivot)
🎯 TP2: $18.80 (deeper pullback area)
Stop Loss:
❌ $26.30 (above recent peaks + psychological level)
Reason:
– Price is trading close to recent all-time highs and resistance cluster.
– Short-term momentum is strong but overbought RSI signals risk of pullback in lower timeframes (not a trend reversal signal).
– A failure to break above this zone with rejection candlesticks can trigger profit-taking and retracement.
Bias: Fade rallies at resistance (counter-trend short)
⚠️ Not financial advice
$RIVER
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