$RIVER (limit order filled) is approaching a key resistance zone after a strong recovery move from the recent bottom.

Short #RİVER

Entry: 18.70 – 19.10

Stop Loss: 24.20

TP1: 17.20

TP2: 15.90

TP3: 14.20

Why this setup?

After a sharp drop toward the $11 area, $RIVER has made a strong relief rally and is now pushing directly into a previous resistance zone around 18.7–19.1. This area previously acted as a supply zone where sellers stepped in multiple times.

When price rallies quickly into a known resistance level, it often leads to a reaction or pullback as early buyers take profit and sellers defend the level.

Another important factor is the structure from earlier in the chart. This same zone acted as a distribution area before the large sell-off. Markets frequently revisit these zones, and they can become strong areas for short setups if momentum starts slowing.

Risk management is clear here. If price breaks above 24.20, the resistance is invalidated and the bullish momentum may continue.

Debate:

Bulls could argue that the market already formed a higher low around $11, which might signal the beginning of a broader recovery trend. If buyers manage to push and hold above the $19–$20 resistance, the move could extend higher instead of rejecting.

Trade $RIVER here 👇 📉