【$RIVER Signal】Long - 1H pullback confirmation, main force clearly intends to support the price

$RIVER The 1H timeframe is currently in a healthy pullback stage after a strong rally, with the price building a support level around 18.5. The 4H timeframe has already formed a clear upward trend, and a massive bullish candle yesterday established a bullish pattern. The current 1-hour chart shows that the price is supported above key moving averages, with buy orders significantly deeper than sell orders, indicating clear signs of main force support.

🎯Direction: Long

⚡Entry/Order: 17.229 - 17.616

🛑Stop Loss: 16.80

🚀Target 1: 19.50

🚀Target 2: 21.00

🛡️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 19.50 and stabilizes, move the stop loss on the remaining position to hold and aim for the second target.

Depth Logic: This coin has increased over 25% within 24 hours, but the open interest remains stable, indicating it’s not just a short squeeze but rather new funds entering in an orderly manner. The 1H RSI has pulled back from high levels to a healthy zone, providing room for another upward move. Market depth shows buy orders are concentrated and substantial below 18.54, forming a solid support wall, while sell pressure above is relatively sparse, conducive to a quick breakout. Combined with the volume breakout structure on the 4H timeframe, this pullback is an excellent second-entry opportunity.

View real-time market 👇 $RIVER

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