$RIVER is undergoing a strong recovery, pushing prices back into the ceiling area where previous rallies have stalled.
Trading Plan (Short-term):
- Entry Point: $17.20 - $18.90
- Stop Loss (SL): $19.80
- Take Profit (TP): $14.27, $13.40, $12.10
Prices have bounced from the bottom but encounter strong resistance at the ceiling where previous rallies have stalled. The price increase seems rapid yet very chaotic, with long candles extending up and leaving tails when hitting the ceiling. The price movement is starting to become cramped just below the ceiling, indicating signs of losing momentum. I am holding a short position here, focusing on this area without adding. If the price breaks through the ceiling and stabilizes without turning back, I will execute the order immediately and monitor how the price reacts in the upcoming trading sessions.
In summary, the short-term situation of $RIVER is unfolding as expected, but close monitoring is still needed to make accurate trading decisions.
⭐️ Register for a Binance account to receive a 20% rebate on Spot, Futures, and Margin trading fees permanently:
➡️ Rebate link: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8
Trading Plan (Short-term):
- Entry Point: $17.20 - $18.90
- Stop Loss (SL): $19.80
- Take Profit (TP): $14.27, $13.40, $12.10
Prices have bounced from the bottom but encounter strong resistance at the ceiling where previous rallies have stalled. The price increase seems rapid yet very chaotic, with long candles extending up and leaving tails when hitting the ceiling. The price movement is starting to become cramped just below the ceiling, indicating signs of losing momentum. I am holding a short position here, focusing on this area without adding. If the price breaks through the ceiling and stabilizes without turning back, I will execute the order immediately and monitor how the price reacts in the upcoming trading sessions.
In summary, the short-term situation of $RIVER is unfolding as expected, but close monitoring is still needed to make accurate trading decisions.
⭐️ Register for a Binance account to receive a 20% rebate on Spot, Futures, and Margin trading fees permanently:
➡️ Rebate link: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8