๐ข $RIVER / USDT | ๐ด SHORT | โญ 72%
๐ฏ Goal: $1,127.13565. Does it achieve it?
๐ฏ Trading levels:
๐ด Entry: $1.168
๐ Stop Loss: $1.1907
๐ TP1: $1.1271
๐ TP2: $1.1044
๐ TP3: $1.0772
๐ Analysis:
The market structure shows a clear bearish trend across multiple timeframes, confirmed by the formation of lower highs. The recent breakdown of support at 1.18, accompanied by a 64.9% increase in volume, suggests strong selling pressure. With the Relative Strength Index (RSI) at low levels and the MACD showing weakness, sellers maintain control of the current move.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 15M
๐ญ Relative volume measures how much more an asset is being traded compared to its recent average; a value above 1 indicates unusually high activity, which often confirms the strength of a breakout.
#crypto #RIVER #trading #Bearish
๐ก This analysis is for educational purposes only and does not constitute financial advice. Do your own research and decide calmly.
๐ฏ Goal: $1,127.13565. Does it achieve it?
๐ฏ Trading levels:
๐ด Entry: $1.168
๐ Stop Loss: $1.1907
๐ TP1: $1.1271
๐ TP2: $1.1044
๐ TP3: $1.0772
๐ Analysis:
The market structure shows a clear bearish trend across multiple timeframes, confirmed by the formation of lower highs. The recent breakdown of support at 1.18, accompanied by a 64.9% increase in volume, suggests strong selling pressure. With the Relative Strength Index (RSI) at low levels and the MACD showing weakness, sellers maintain control of the current move.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 15M
๐ญ Relative volume measures how much more an asset is being traded compared to its recent average; a value above 1 indicates unusually high activity, which often confirms the strength of a breakout.
#crypto #RIVER #trading #Bearish
๐ก This analysis is for educational purposes only and does not constitute financial advice. Do your own research and decide calmly.
