$RIVER from a different perspective
- When everyone looks in the same direction, traps will occur, RIVER is forming a head and shoulders pattern - when the price breaks through $21-15 => Triggers BUY/LONG sentiment
- Furthermore, the upward structure on D1 (H4) is very clear
- Above the price range of $25, referencing to the left, the chart shows almost no resistance area.
=> All these factors lead everyone to look towards a LONG direction
- The target for this athlete model is in the price range of $41
- Currently, the price has dumped below the price range of $21, this can be seen as an unusual price action, the lows below will serve as liquidity for the SHORT direction
Open SHORT position
Entry limit: $24-25
SL: $31
TP: $15 , 11$, 8$
(Note, if funding is too negative => Cancel the plan, as the H4 trade will hold the position long, funding fees cannot be covered)
