$RIVER
#RIVER Bearish Rejection Ready! 📉
Market Context
RIVER (River Protocol) is trading inside a defined horizontal range after managing a brief recovery from its recent sweep low. However, the price is heavily struggling to break through local overhead resistance around the 5.35–5.40 zone. The latest candlesticks show a clear bearish rejection from the upper boundary of this range, signaling that sellers are actively defending higher levels. With buying momentum fading, the immediate structure heavily favors a short-term downside move back toward internal liquidity and the lower range supports.
Trade Plan
Entry Zone: 5.25 – 5.35
Stop Loss (SL): 5.48
Take Profit 1 (TP1): 5.10
Take Profit 2 (TP2): 4.95
Take Profit 3 (TP3): 4.75
Pro Tip: Range-bound short setups require strict precision since a sudden squeeze back to the range highs can happen before the actual drop. To insulate your trading capital from volatility, scale out and take partial profits at TP1. Once that first target is filled, immediately trail your Stop Loss down to your entry price (breakeven) to ride the rest of the distribution risk-free.