🐻 SHORT – RIVER
Strong bearish divergence is confirmed across 15m, 4H, and 1D, while RSI shows extreme overbought conditions on all these timeframes. Price has expanded aggressively, signaling momentum exhaustion and a structurally unhealthy move. With multi-timeframe confluence, the probability of a sharp mean reversion and sell-off is high.
🎯 TP: 3.986
🛡️ SL: 11.607
📊 RR: 1 : 6.42
A textbook short setup: multi-timeframe divergence + extreme overbought → high downside potential with asymmetric reward.
Strong bearish divergence is confirmed across 15m, 4H, and 1D, while RSI shows extreme overbought conditions on all these timeframes. Price has expanded aggressively, signaling momentum exhaustion and a structurally unhealthy move. With multi-timeframe confluence, the probability of a sharp mean reversion and sell-off is high.
🎯 TP: 3.986
🛡️ SL: 11.607
📊 RR: 1 : 6.42
A textbook short setup: multi-timeframe divergence + extreme overbought → high downside potential with asymmetric reward.
Trade active
Round 2!Trade closed: stop reached
I got stopped out, but this is a type of chart I particularly like, so I will enter another trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.