BREAKING 🔥 I am opening SHORT Trade on 📉 $RIVER USDT (Perpetual Futures)
Current sentiment:
Price has retraced significantly from recent highs and is weak in short timeframes (24h volatility and down movement noted). Market profile suggests retracements after parabolic rallies. �
CoinMarketCap
🔹 Entry Zone (Short)
Entry: 1st short entry around $30.50 – $31.50
(This zone acts as short bias if daily candles show rejection at resistance and lower highs form — monitor for bearish confirmation).
🪙 Profit Targets
Take profits in stages below to reduce risk:
✔️ TP1: $27.00
✔️ TP2: $24.00
✔️ TP3: $20.00
These are key psychological and previous support areas where bounce / partial reversal often occurs.
🚫 Stop-Loss (SL)
Stop-Loss: $34.50 (above recent swings / resistance zone)
If price closes above this on your timeframe, the short idea is invalidated.
📊 Risk Management Tips
• Use tiered entries (e.g., 50% at entry, rest if continuation).
• Adjust SL tighter after hitting TP1 for breakeven risk-free trade.
• Avoid ultra-high leverage (>20x) unless highly experienced.
⚠️ Why this short?
RIVER markets have historically sharp retracements after high-volatility rallies and top signals. �
Price is below recent local highs and showing weakness on perpetual futures pricing. �
CoinMarketCap
#VolatilityAhead in altcoins can favor mean reversion short scalp setups. #Mishukm #RIVERUSDT #WhenWillBTCRebound
