🚨 $RIVER DUMP IT ALERT! 🚨
Trade Setup: Short/Sell Opportunity
Entry Zone: $19 – $18.70
Take Profit Targets (TP):
TP1: $17.50
TP2: $15
TP3: $13
Stop Loss (SL): $20.20
Trade Type: Momentum/Breakdown Trade
Rationale:
$RIVER has shown weakness near resistance and is failing to maintain support levels. This setup is a high-probability dump trade, aiming to capitalize on bearish momentum. The entry range allows you to catch the initial drop, while the targets follow key support zones.
Strategy & Trailing Tips:
Enter short between $19 – $18.7.
First target at $17.5. Consider partial profit-taking here.
Move SL to breakeven once TP1 is hit to lock in safety.
TP2 and TP3 are longer-term targets; trail stop-loss using $0.5–$0.7 below each candle low to ride the trend safely.
Keep an eye on volume spikes; large buying volume near TP zones may signal reversal.
Risk Management:
Max risk: $1.3 per share if SL hits at $20.2 from entry $18.7.
Adjust position size to limit capital risk ≤2% of portfolio.
Market Sentiment:
Bearish momentum, potential short-term capitulation. Watch for consolidation near $17.5 before deciding on next entry or trailing SL.
