Bearish structure intact… short-term rejection setup ⚠️
$RIVER /USDT – SHORT (Scalping in Downtrend)
Trade Plan
Entry: $8.80 – $9.10
SL: $9.35
TP1: $8.40
TP2: $7.90
TP3: $7.50 (if breakdown continues)
Why This Setup?
4H Structure: Clear lower highs and lower lows → strong bearish trend. Any move into resistance is likely to get sold.
Price Positioning: Current price below resistance ($9.10) → upside is limited unless breakout happens. Better to short near resistance.
Daily Context: Higher timeframe still weak → no signs of reversal yet. Trend continuation favors downside.
Volume Behavior: No strong bullish volume → bounces are weak and likely liquidity grabs before further downside.
As long as $9.10 holds, downside pressure remains dominant. Break above it, and short setup becomes invalid.
Debate:
Is this just another lower high before continuation toward $7.90…
Or will buyers reclaim $9.10 and flip short-term momentum?
Trade $RIVER here 👇
