🟥🟥 $RIVER LIMIT SHORT TRADE 🟥🟥
Short #RİVER
Entry: 18.70 – 19.10
Stop Loss: 20.20
TP1: 17.20
TP2: 15.90
TP3: 14.20
Why put the limit order there?
1️⃣ Major Resistance Zone
The 18.7–19.1 area previously acted as a strong resistance where the market rejected multiple times earlier in the structure.
2️⃣ Strong Relief Rally Into Resistance
After dropping to around 11, $RIVER made a very strong relief rally. When price moves up quickly like this, it often retests resistance before another reaction.
3️⃣ Previous Distribution Area
This zone was part of the previous distribution range, meaning sellers were active here before the large drop.
4️⃣ High Liquidity Area
Traders who bought the recent pump may start taking profit near resistance, which can increase selling pressure.
✅ Simple plan:
Place limit short around 18.9
Stop loss 20.20
Targets toward 17.2 → 15.9 → 14.2
⚠️ Invalidation:
If price breaks and holds above 20.20, the resistance is invalidated and the market may continue higher.
Trade $RIVER here 👇 📉
Short #RİVER
Entry: 18.70 – 19.10
Stop Loss: 20.20
TP1: 17.20
TP2: 15.90
TP3: 14.20
Why put the limit order there?
1️⃣ Major Resistance Zone
The 18.7–19.1 area previously acted as a strong resistance where the market rejected multiple times earlier in the structure.
2️⃣ Strong Relief Rally Into Resistance
After dropping to around 11, $RIVER made a very strong relief rally. When price moves up quickly like this, it often retests resistance before another reaction.
3️⃣ Previous Distribution Area
This zone was part of the previous distribution range, meaning sellers were active here before the large drop.
4️⃣ High Liquidity Area
Traders who bought the recent pump may start taking profit near resistance, which can increase selling pressure.
✅ Simple plan:
Place limit short around 18.9
Stop loss 20.20
Targets toward 17.2 → 15.9 → 14.2
⚠️ Invalidation:
If price breaks and holds above 20.20, the resistance is invalidated and the market may continue higher.
Trade $RIVER here 👇 📉