【$RIVER Signal】Long - 1H breakout retest confirmation, main force clearly intends to support the market

$RIVER The 1H timeframe is consolidating strongly above the EMA20, just completing a test of the previous high at 19.13. Currently in a healthy pullback after the breakout. The 4H EMA50 provides strong trend support, and the price has stabilized above all key moving averages, maintaining the upward channel. Intraday gains exceed 35%, but open interest remains stable, indicating that this is not just a short squeeze but that major funds are continuously supporting the market.

🎯Direction: Long

⚡Entry/Order: 17.69 - 18.09

🛑Stop Loss: 17.20

🚀Target 1: 19.80

🚀Target 2: 21.50

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position's stop loss up to the entry price. If the price strongly breaks through 20.00 and stabilizes, move the remaining stop loss up to 19.30 to seek greater gains.

Depth Logic: The 1-hour RSI is in a healthy slightly strong zone without divergence, indicating sufficient momentum. Market depth shows significant buy support, with large orders densely distributed around 19.30, providing immediate buffer for the price. On the 4-hour level, the price has broken out of a multi-week consolidation range, accompanied by increased volume, which is a classic trend initiation signal. The current funding rate is positive but not high, indicating low risk of a short squeeze and a healthy trend-driven movement.

View real-time market 👇 $RIVER

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