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$RIVER (1h) - Rejection Short
Bias: Short
Entry (Zone): 6.90 - 7.00
Targets:
TP1: 6.74
TP2: 6.61
TP3: 6.41
Stop Loss: 7.22
Why this Setup:
I’m treating the recent spike into the 7.0 area as a likely rejection after a sharp rally from the 6.2 base. I want to sell into strength only if price fails to hold above the breakout zone, since the prior support levels below 6.75 and 6.60 are the next logical downside magnets.