š $RIVER ā Pullback Weakness Showing, Short Setup Active
Price failed to reclaim momentum after the sharp spike, and candles are now slipping back under short-term MAs ā showing fading buyer strength.
⢠Key Levels: Local resistance sits at 5.95ā6.05, while support below is thin until 5.45ā5.50.
⢠Indicators: RSI turning down from mid-range, MACD staying below signal, and volume losing steam ā signalling exhaustion.
⢠Outlook: As long as RIVER stays under 5.95, momentum favors a controlled short toward lower support zones.
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š Trading Plan (SHORT):
⢠Entry: 5.8 ā 5.9
⢠Stop Loss (SL): 6.18
⢠Take Profit (TP): 5.45 and 5.32
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