$RIVER is showing clear bearish continuation after a strong rejection from the upper supply zone. The structure remains weak with lower highs and lower lows, indicating sellers are firmly in control. Breakdown below key support confirms downside pressure, and any pullback is likely to be a selling opportunity rather than a reversal.
Momentum indicators favor further downside as price remains below major moving averages, while volume expansion on sell-offs signals strong distribution. Unless the price reclaims broken structure decisively, the bearish bias remains intact.
Trade Setup
Entry Zone: Pullback toward previous support turned resistance
TP 1: 35.80
TP 2: 33.90
TP 3: 31.50
Stop Loss: 40.20