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$RIVER Signal】Long | Healthy Pullback After Short Squeeze Initiation
$RIVER After a 34% surge in a single day, the price consolidates at a high level below the previous resistance zone. This is a typical healthy reset after a short squeeze, not a top.
🎯Direction: Long
🎯Entry: 17.30 - 17.50
🛑Stop Loss: 16.54 (Breaks below the 4H previous low, rigid stop loss)
🚀Target 1: 18.99 (Previous high resistance)
🚀Target 2: 20.10 (Breakthrough previous high)
Hardcore Logic: Price action (PA) shows that after a sharp rise, the retracement volume diminishes, and buying continues to absorb in the 17.30