$RIVER update
- The price has returned to the $25 area, if you don't have time to follow the order, you can open a SHORT order immediately.
Entry limit $26
SL: $31.5
TP max $8.8-$10.5
If you can monitor the chart, you can wait for the price to break through the adjacent peak of $25.6 => This is the liquidity area, if the price breaks through and a few H1 candles after dump down to $25.6 => you can open a SHORT order immediately, it will be less risky than the previous order.
=> The whole market is viewing LONG => there will be many LONG traders to SL at the bottom area of $18.8 and the psychological bottom of $10.5 - this is the area where traders if LONG are wrong will hold losses to this extent will cut the order. However, fundamentally this is a bet when the H1 structure has temporarily broken through the $18.8 area, this is the TP1 level of the SHORT order.