🚨 $RIVER Strategy: The Range-Fade Snipe
Retail is chasing the "breakout" candle; we are sniping the rejection. The 4H setup is "Armed" as price hits the primary supply zone, and the weak 15M RSI confirms momentum is dying.
Entry Zone: 8.710 – 8.760 (Fading the Relief)
Target 1 (TP1): 8.557 (Local Pivot Support)
Target 2 (TP2): 8.439 (Structural Liquidity Floor)
Target 3 (TP3): 8.261 (Range Low Target)
Stop Loss (SL): 8.972 (Hard Exit above Resistance)
Trade Logic:
Price has hit the upper boundary of its current descending channel. The RSI on the 15M is struggling at 40.4, signaling that the bounce lacks the volume to turn into a trend reversal. We are playing the "Mean Reversion" back to the $8.20 floor. Risk Alert: The Season 4 airdrop conversion is the only wildcard—keep your SL tight to avoid a short-squeeze hunt.
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