$RIVER is showing signs of weakening momentum near a key resistance zone
RIVER
Alpha
6.5573
+0.17%
Trading Plan — Short Setup
Entry: $6.60 – $6.80
Stoploss: $7.10
Targets: $6.30 – $6.00 – $5.70
Price is struggling to break higher, with repeated rejections at supply and fading upside momentum. This lack of follow-through suggests buyers are losing strength after the recent push
Structure is starting to flatten, and with resistance holding firm while liquidity sits below, the probability of a pullback increases
If rejection continues, continuation to the downside remains the primary scenario