Market Alert: Playing the Rejection on $RIVER & POWER
The market is showing classic signs of momentum exhaustion. After a strong impulsive pump, we are seeing long wicks on RiVER and parabolic expansion on $POWER—both prime signals for a potential "blow-off" top.
When prices fail to hold above key breakout zones, the "cooldown" phase usually follows quickly as early buyers take profits. Here are the setups I'm watching:
🎯 Trade Setup: Short $RIVER
Entry: 18.0 – 18.8
TP Targets: 16.8 | 15.0 | 13.5
Stop Loss: 20.6
🎯 Trade Setup: Short $POWER
Entry: 0.36 – 0.39
TP Targets: 0.32 | 0.28 | 0.24
Stop Loss: 0.43
Strategy: Don't FOMO into the pump. Wait for the rejection continuation. Discipline is key in high-volatility environments.
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