🐻 SHORT – RIVER
After a brief pause, I reassessed RIVER on the 4H chart. Higher timeframes (4H, 1D) are severely overbought. On 4H, a clear and rare bearish divergence is present, signaling momentum exhaustion. Price is pushing higher despite declining volume, an unhealthy structure that often precedes a sharp sell-off.
🎯 TP: 1.628
🛡️ SL: 17.972
📊 RR: 1 : 9.2
A high-conviction short: multi-timeframe overbought + bearish divergence + falling volume → elevated probability of rapid downside.
After a brief pause, I reassessed RIVER on the 4H chart. Higher timeframes (4H, 1D) are severely overbought. On 4H, a clear and rare bearish divergence is present, signaling momentum exhaustion. Price is pushing higher despite declining volume, an unhealthy structure that often precedes a sharp sell-off.
🎯 TP: 1.628
🛡️ SL: 17.972
📊 RR: 1 : 9.2
A high-conviction short: multi-timeframe overbought + bearish divergence + falling volume → elevated probability of rapid downside.
أغلقت الصفقة: تم الوصول لوقف الخسارة
Some of you are still asking whether this trade is still valid and whether the price can break the $9 resistance zone. For me, this trade is already closed and I was stopped out. In total, after three trades on RIVER, I have lost 3R.For me, trading is a source of enjoyment. I feel genuinely satisfied when my analysis plays out correctly. At the moment, price is moving largely in line with what I anticipated; however, I was wrong on the timing. The $9 resistance is only a weak resistance, so I would not be surprised to see price reach the TP I had set, or even move lower than that.
That said, I will not continue trading RIVER. Even if I were to win, it would merely be an attempt to recover losses, or worse, an act of revenge trading.
I have already explained this, so please do not message me about this trade anymore. At the moment, I have entered a short position on GUN and I am enjoying that trade.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.