🐻 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.
Trade geschlossen: Stop wurde erreicht
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.
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.