【$RIVER Signal】Long, 1H Breakout Short Squeeze in Progress

$RIVER 1H timeframe volume breakout above the middle band of Bollinger, price stabilizes above EMA20. The 4H MACD histogram continues to expand, indicating buying momentum is still accumulating. Market depth shows sparse sell orders, with a -14.79% imbalance suggesting limited selling pressure above, and a preliminary short squeeze structure has formed. The current risk-reward ratio is acceptable, but caution is needed for profit-taking on the hourly timeframe.

Price has broken through a key resistance level, and the current price around 5.814 can be entered directly.

Place stop-loss at 7.153, which is the upper boundary of the previous dense trading zone.

First target is 6.983, close to the 4H Bollinger upper band.

Second target is 6.926, serving as a conservative take-profit level.

After reaching the first target, halve the position, and move the remaining stop-loss up to the break-even point. If the price falls back into the entry zone, it indicates the breakout has failed, and you should exit decisively.

The 1-hour RSI has risen to 63.92, not yet in overbought territory, leaving room for further upside. The 4-hour price has already moved above the Bollinger middle band, and after a MACD golden cross, it continues to strengthen, indicating a bullish trend. The funding rate is 0.015%, positive but not high, with no signs of extreme greed. Coupled with stable open interest, this upward move has some sustainability. The key is whether it can continue to absorb the orders in the 5.90-6.00 range.

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