【$RIVER Signal】Long | Short Squeeze Initiated, Deep Imbalance Attracts Buying

$RIVER After a prolonged decline, the price rebounded with increased volume near the previous low, forming a potential double bottom pattern. The current price is above the EMA20 but faces short-term profit-taking pressure.

🎯Direction: Long

🎯Entry: 18.80 - 19.20

🛑Stop Loss: 17.50 (Rigid stop loss, break below previous low and EMA20 support)

🚀Target 1: 21.35 (Previous high resistance)

🚀Target 2: 23.50 (Fibonacci 0.618 retracement level)

Core Logic: 1) Short squeeze conditions met: Funding rate at -0.273% is negative, open interest stable, short positions face squeeze risk. 2) Significant depth imbalance: Order book buy-side depth (Bids) is 1.66 times the sell-side (Asks), indicating strong institutional buy orders supporting the squeeze. 3) Healthy price action: Volume surged on breakout on the 4H chart, then decreased on pullback, indicating a healthy reset. RSI (70.3) is high but not a reason to short in a short squeeze environment. ATR (1.82) shows increased volatility, so leave enough room for stop loss. Overall, major players are leveraging the negative funding rate environment to squeeze shorts, with deep buy orders providing support. Pullbacks to key zones present low-risk long opportunities.

Trade here 👇 $RIVER

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