Analysis $RIVER
The price is within the distribution range, and the upper supply zone remains strong.
🔴 Strong selling zone:
Between 55 – 60 dollars.
🔹 Entry condition:
Sell from the zone without breaking the main resistance at 66 dollars.
Or wait for a 4-hour candle to close below 60 dollars to confirm weakness.
🔻 Sell entry:
After showing price rejection within 55 – 60 or after closing below 60.
🎯 Immediate target:
28 dollars.
🛑 Stop loss:
Above the current resistance at 66 dollars.
Or above the new resistance formed after the rise to the 55 – 60 zone.
📊 Idea:
The price rises to take liquidity from the supply areas, then starts to break the market structure down towards the lower demand areas.
⚠️ No entry without confirmation — and capital management is more important than any analysis.
Note: Breaking 66 and closing a 4-hour candle above it cancels the selling idea. There must be a close below 60 with a 4-hour candle ...
#Binance #SwingTrade #SHORT📉