Short $RIVER
Entry: 17.70 – 17.95
SL: 18.75
TP: 17.05 – 16.50 – 16.00
$RIVER losing the MA cloud and printing clean lower highs is usually not a good sign for bulls. The bounce attempts are getting weaker, and you can feel the momentum fading.
Price looks heavy up here. Every push up gets sold quickly, and there’s no real follow-through from buyers. If this structure holds, a flush back toward the 17.0 psychological level looks very likely.
As long as 18.75 stays intact, downside remains the cleaner play. Manage risk and let the structure do the work.
#river #TrendingTopic #bearishmomentum
RIVERUSDT
Perp
19.67
+12.28%