【$RIVER Signal】Long - 1H Breakout Pullback Confirmation, Major Support Intention Clear

$RIVER is currently in a healthy pullback consolidation phase after experiencing a volume-driven surge yesterday at the 1H level. The 4H level has firmly established itself above key moving averages, forming an uptrend, while the 1H level is receiving buy orders at key support zones, with momentum expected to gather again. Open interest remains stable, and the price has not experienced a sharp decline following the surge, suggesting that major capital is still in the market, rather than pure retail chasing highs. Current order book buy depth is substantial, providing strong support for price.

🎯 Direction: Long

⚡ Entry/Pending Order: 17.40 - 17.85

🛑 Stop Loss: 16.48

🚀 Target 1: 23.32

🚀 Target 2: 26.05

🛡 ️Trade Management:

- Execution Strategy: Once price reaches the first target of 23.32, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If price fails to continue rising and falls back to the entry zone, it is considered a failed breakout and should exit decisively.

Deep Logic: Over the past 24 hours, price has surged strongly by 26%, but open interest has not skyrocketed alongside the price surge, indicating this is not driven by high-leverage long enthusiasm, but supported by genuine buy orders. 1-hour RSI is in a healthy overbought-leaning zone, far from overbought, leaving room for further upside. 4-hour candlesticks are consecutively closing bullish with buy orders dominating trades, and the latest 4-hour candle found support at the previous high, with solid structure. Buy orders below form dense walls, creating a solid defensive line.

View Real-time Chart 👇 $RIVER

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