【$RIVER Signal】Pullback to Long + 1H Level Strong Rebound Confirmation

$RIVER The 1H level has experienced a massive rally and is now undergoing a healthy retracement and consolidation, with the price supported above the key EMA20 moving average. The 4H level has confirmed a breakout of the long-term downtrend, with a huge bullish candle establishing a bullish tone. Current open interest remains stable, indicating that funds have not significantly withdrawn, which is a sign of a strong correction.

🎯Direction: Long (Long)

⚡Entry/Order: 16.834 - 17.211

🛑Stop Loss: 15.80

🚀Target 1: 19.50

🚀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 average price. If the price strongly breaks through 20.00, move the remaining stop loss up to 18.50 to seek greater gains.

(Depth Logic: The 4H level has broken through the previous dense trading zone with increased volume, which is a clear signal of main force entering the market. The 1-hour RSI has healthy retraced from the overbought zone to 66, preparing for another upward move. Market depth data shows buy orders significantly outweigh sell orders, with strong support below. Currently, the price is far from the optimal entry zone, so patience and waiting for a pullback is the better choice to avoid chasing highs. )

Check real-time quotes 👇 $RIVER

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