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RIVER's recent market signals are quite clearly bearish. It has fallen 23.45% in 24 hours, with obvious selling pressure at high levels, and the price has deviated significantly from the moving average. Looking at the 14-day RSI, it has entered the high zone, and the overbought correction pressure is building.
How exactly to operate? If the price rebounds from the 23.50 level, consider entering a short position. The key confirmation point is a 4-hour close below 18.00.
Target levels are set as follows: the first target at 14.00, and if weakness continues, then 12.00.
Remember risk control: if the 4-hour close returns above 23.00, stop-loss must be executed.
The opportunity is right in front of you; those looking to short can prepare to jump in.