$RIVER Trade Idea
Primary Bias: Expecting a short-term pullback (counter-trend scalp), not a blind long.
Short Setup:
Entry Zone: 42.5 – 44.0 (aligned with trendline and previous rejection area)
Stop Loss: Above 47.5
Profit Targets:
TP1: 34.0
TP2: 28.0
TP3: 20.0 (only if momentum speeds up)
Rationale:
The price has historically bounced off this rising trendline multiple times.
Price is extended well above its mean, putting late buyers at risk.
Increasing volume at resistance indicates selling pressure rather than continuation.