Weak bounce into resistance… looks like a setup for downside continuation.
$RIVER /USDT (Perp) – SHORT
Trade Plan
Entry: $5.20 – $5.40
SL: $5.95
TP1: $4.65
TP2: $4.32
TP3: $4.05
Why This Setup?
4H Structure: Price pushing into resistance zone ($5.45 MA7 + supply area) without strong structure shift. Still forming lower highs → bearish continuation bias intact.
Price Positioning: Current price sitting below key resistance cluster → ideal zone to look for rejection rather than chasing mid-range.
MA Context: MA(7) acting as dynamic resistance. No bullish crossover confirmation yet → momentum still weak.
RSI Behavior: RSI likely struggling below 50 zone → no strong bullish momentum, favors sell-side pressure.
Volume Insight: Bounce lacks aggressive buy volume → more like a relief move, not accumulation.
Daily Context: Still trading under previous breakdown zone. Unless $5.90 breaks clean, this remains a corrective bounce inside a broader bearish structure.
As long as price stays below $5.45–$5.90, downside liquidity at $4.32 and $4.05 remains the magnet.
Debate:
Is this just a dead cat bounce before another leg down toward $4.00…
Or will buyers flip $5.45 and push for a squeeze toward $6+?
Trade $RIVER here 👇
