【$RIVER Signal】Long | Healthy Pullback After Short Squeeze Initiation

$RIVER After a 34% surge in a single day, the price consolidates at a high level below the previous resistance zone. This is a typical healthy reset after a short squeeze, not a top.

🎯Direction: Long

🎯Entry: 17.30 - 17.50

🛑Stop Loss: 16.54 (Breaks below the 4H previous low, rigid stop loss)

🚀Target 1: 18.99 (Previous high resistance)

🚀Target 2: 20.10 (Breakthrough previous high)

Hardcore Logic: Price action (PA) shows that after a sharp rally, the retracement volume diminishes, and buying continues to absorb in the 17.30-17.50 range. The depth imbalance reaches as high as 18.53%, with buy orders significantly thicker than sell orders, indicating institutional support at key levels.

Data Resonance: Funding rate is -0.0945%, negative, and open interest (OI) remains stable. This is a typical short squeeze structure, with shorts still being forced to cover. RSI at 65.84 is in a healthy zone, not overbought, leaving room for further upward movement. Price remains above the EMA20 (14.95), with the trend structure intact.

Risk Control Core: Stop loss set below the 4H previous low of 16.54, with a risk-reward ratio (R:R) > 2.0. The current consolidation is a pre-breakout phase, and the bullish structure remains unbroken.

Trade here 👇 $RIVER

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