【$RIVER Signal】Long | Short Squeeze Initiation + Deep Support Defense

$RIVER After experiencing a prolonged downtrend, a potential double bottom has formed on the daily chart. Currently, on the 4-hour chart, a volume breakout above the EMA20 is being retested for confirmation.

🎯Direction: Long

🎯Entry: 17.50 - 17.90 (Retesting EMA20 and the previous 4H candlestick support zone)

🛑Stop Loss: 16.40 (Breaking below previous low and ATR lower band, rigid stop loss)

🚀Target 1: 20.10 (Previous high resistance)

🚀Target 2: 22.50 (Fibonacci 0.618 retracement level)

Core Logic Hardcore: 1) Clear short squeeze structure: Funding rate at -0.0269% is negative, open interest is stable, yet price has surged 19.48%, indicating a typical short squeeze and short covering signal. Strictly avoid contrarian shorting. 2) Order book depth support: Buy order depth (Bids) is 38% thicker than sell orders (Asks), densely accumulated at key price levels of 18.36-18.37, showing major players actively accumulating and supporting at critical levels. 3) Technical resonance: Price has stabilized above EMA20 (15.50) and is pushing towards EMA50 (18.58). RSI (68.26) is in the strong zone but not overbought, with healthy volume and price action. The current retest is a healthy bullish reset, not a top.

Risk Reminder: If the price fails to hold above EMA20 and breaks below the lower boundary of the entry zone, the double bottom structure invalidates. Strict stop loss required.

Trade here 👇 $RIVER

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