$RIVER Everyone is rushing into this rebound, but I’m bearish and planning to catch a pullback at this level.



The current 4-hour short structure is still intact. Overall, the daily chart remains biased bearish, and the price clearly can’t break out of the 3.405 to 3.422 range. Looking at the 15-minute chart, the RSI is around 50, and there’s still plenty of room for the bears to push lower. Plus, the 15-minute timeframe has clearly seen increased volume—the sell pressure is real and solid.

You can watch for entry opportunities near 3.405 to 3.422. To the downside, it may test 3.354, 3.315, and 3.255. Set your stop-loss level around 3.492. If you’re trading against the trend, pay attention to the risks—don’t go in too aggressively, and make sure your stop-loss is in place.
RIVER-3.02%
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