📊 TRADE SETUP SHORT 📉: $RIVER
Entry Zone: $6.2295 - $6.3457
Stop Loss (SL): $6.5800
🎯 TP1: $5.9870
🎯 TP2: $5.8200
Market Context: $RIVER is currently trading in the $6.20 – $6.50 range. Your entry zone is positioned near the recent market price, making this an active setup for a short-term bearish play.
Technical Outlook: Given the recent volatility in the DeFi/Stablecoin infrastructure sector, maintaining strict discipline is key. You are targeting a move back toward the $5.80 – $6.00 range, which aligns with previous local support levels.
Risk Management: The stop loss at $6.5863 is your invalidation point. If price action aggressively breaks above this level, it suggests a loss of downward momentum or a potential squeeze, indicating it is time to exit the position.
Not financial advice. Trade with caution and protect your capital.