【$RIVER Signal】Pullback to Long + 1H level retest confirmation, main force clearly intends to support the market

$RIVER The 1H level is currently consolidating strongly above the critical support area, while the 4H level is in the stage of retesting after a volume breakout. The current price has fallen back from the high of 19.4, testing the 1-hour moving average support, with decreasing volume indicating weakening selling pressure. Open interest remains stable, indicating funds have not exited, and the main force’s intention to support the market is clear. Buy order depth is far greater than sell orders, providing strong support below. The 1H RSI has fallen from overbought levels to a healthy zone, preparing for another upward move.

🎯Direction: Long (Long)

⚡Entry/Order: 16.993 - 17.375

🛑Stop Loss: 16.400

🚀Target 1: 18.800

🚀Target 2: 19.800

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss to the entry average price. If the price strongly breaks through 19.8, move the remaining stop loss to hold and aim for greater gains.

Depth Logic: The 4-hour chart shows that after a massive volume breakout of the previous consolidation platform, the price is now in a healthy retest and digestion phase. The open interest remains stable during the price pullback, which is a typical strong correction feature of “price falling with decreasing volume and unchanged open interest,” indicating that the bullish main force has not retreated but is repositioning and accumulating. The 1-hour RSI has fallen from overbought territory to below 60, reducing overheating risk and providing room for another rally. Market depth data shows buy orders significantly surpass sell orders, forming a solid support wall below 17.8. Combined with positive funding rates that are not at extreme levels, market sentiment is bullish but not overly euphoric, conducive to trend continuation.

View real-time market 👇 $RIVER

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