【$RIVER Signal】Short Squeeze Pullback, Second Wave Up
$RIVER On the 1H timeframe, after surging higher, the price pulled back with shrinking volume to EMA50 (24.40), with selling pressure exhausted. In a negative funding rate environment, price rejected a deep decline, short position costs remain elevated, forming precursors of a short squeeze. Buying interest reaccumulated near 26.30, with moderately expanding volume confirming an effective pullback.
🎯Direction: Long
⚡Entry: 26.30 - 26.50
🛑Stop Loss: 25.76
🚀Targets: 27.88 / 28.83
🛡️Strategy: Take profits at target 1 by halving position, move to breakeven.
【$RIVER Signal】Short Squeeze Pullback, Second Wave Up
$RIVER On the 1H timeframe, after surging higher, the price pulled back with shrinking volume to EMA50 (24.40), with selling pressure exhausted. In a negative funding rate environment, price rejected a deep decline, short position costs remain elevated, forming precursors of a short squeeze. Buying interest reaccumulated near 26.30, with moderately expanding volume confirming an effective pullback.
🎯Direction: Long
⚡Entry: 26.30 - 26.50
🛑Stop Loss: 25.76
🚀Targets: 27.88 / 28.83
🛡️Strategy: Take profits at target 1 by halving position, move to breakeven.
View Real-time Chart 👇 $RIVER
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