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RIVER's rebound shows signs of fatigue before reaching a key resistance level, as sellers are regrouping.
Go short on RIVER now
Entry: 17.40 – 17.60
Stop Loss: 18.25
Take Profit 1: 16.63
Take Profit 2: 16.00
Take Profit 3: 15.20
The price is attempting to break through the mid-term moving average, but the upward move lacks volume support, indicating that buyers lack momentum. The MACD golden cross appears more as a technical correction during a decline rather than a trend reversal signal. Such volume-less rebounds are usually unsustainable; once buyer strength is exhausted, selling pressure is likely to quickly take over, leading to a new downward trend.
Trade RIVER here 👇