$RIVER is currently squeezing after a strong rebound. Momentum is still present, but the risk of a pullback is increasing.
SHORT $RIVER Entry: $17 – $18
Stop Loss: $19.5
Targets: $15.8 – $14.5 – $13.2
Technical Analysis: Price has extended above MA7 and MA30, maintaining a bullish structure but becoming stretched. RSI near 68 signals that it is approaching overbought conditions. MACD remains positive, but after a sharp move, momentum often starts to slow down.
The $17–$19 zone represents a supply area from a previous breakdown. A rejection from this level could lead to a pullback toward moving average support before any further continuation.
Trade $RIVER here 👇
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