RIVER/USDT Short Signal: 4H Overextension
Analysis of 1000176137.jpg shows a parabolic move hitting extreme overbought levels.
📉 Technical Setup
Context: RSI is at 82.4, signaling the rally is overextended. The price is hitting resistance at $7.88.
Strategy: Mean reversion toward the MA(25).
🎯 Trade Levels
Entry: $7.45 - $7.60 (Sell on current weakness or a slight retest of the high).
Take-Profit (TP): $6.60 (Targeting the MA(25) support).
Stop-Loss (SL): $8.05 (Exit if the recent high at $7.88 is reclaimed).
⚠️ Risk Warning
Shorting a strong uptrend is high risk. Only use small leverage and maintain a strict stop-loss.
#RIVER #ShortSignal #TradingTips
