【$RIVER Signal】Short Squeeze Pullback, Longs Building Momentum

$RIVER price initiated from the February low of 7.99, displaying a steep uptrend channel on the monthly timeframe with gains exceeding 200%, showing clear major capital driven characteristics. Currently on the 4H level, volume breakout above previous highs followed by volume contraction pullback, with buy depth (bid_ask_ratio_depth: 1.65) significantly outperforming sell depth, indicating strong support below. In a negative funding rate environment, price rejects deep declines, with short holders facing passive position and squeeze risk—a typical trend continuation structure within a bull market.

🎯 Direction: Long

⚡ Entry: 23.90 - 24.10

🛑 Stop Loss: 23.42

🚀 Targets: 25.83 / 26.80

🛡 ️Strategy: At target 1, reduce position by half, move stop loss of remaining position up to entry price, risk-free pursuit of second target.

View real-time market 👇 $RIVER
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