Paraphrased Version:
$RIVER is currently compressing after a strong rebound, with momentum still intact but the probability of a pullback increasing.
Trade Idea – Short $RIVER
Entry: $17–$18
Stop Loss: $19.5
Targets: $15.8 → $14.5 → $13.2
Technical Overview:
Price has moved well above the MA7 and MA30, indicating a bullish structure, but it now appears overextended. RSI is around 68, suggesting conditions are nearing overbought territory. Although MACD remains positive, momentum often cools after sharp upward moves. The $17–$19 zone previously acted as supply during a breakdown, making rejection more likely. A pullback toward moving average support is expected before any further upside continuation.
Trade $RIVER here 👇
#RIVER #FutureTradingSignals 📉📊