【$RIVER Signal】Pullback to buy, main force's intention to defend the market is obvious

$RIVER 1H level rally and pullback, selling pressure around 18.6 is concentrated and released, current price at 17.41 just above the 4-hour EMA50. Open interest remains stable, price decline has not triggered large-scale liquidations, indicating funds have not exited. The 1-hour MACD fast and slow lines form a death cross, but the histogram narrows, indicating weakening bearish momentum. There is a clear accumulation of buy orders below 17.40, with over 2000 orders in the 17.39 to 17.40 range, showing a clear bottom support by funds.

🎯Direction: Long

⚡Entry/Orders: Buy in batches within the 16.90 - 17.20 range

🛑Stop Loss: 16.07

🚀Target 1: 20.92

🚀Target 2: 22.86

🛡️Trading Management:
- Execution Strategy: After reaching the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 17.50, consider exiting early.

Negative funding rate combined with stable open interest is a typical precursor to a short squeeze. The price quickly retraced over 6% from 18.6, but the middle band of the 4-hour Bollinger Bands and EMA50 provide double support, and downward momentum has not continued to expand. This rapid drop followed by slow rise is often a sign that the main force is clearing out floating positions. The previous low at 16.07 is a clear defense line, with a risk-reward ratio of over 4 times, making this setup worth a try.

View real-time market 👇 $RIVER
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate金手指 #加密市场普遍上涨 #鲍威尔鸽派发言重燃降息预期