【$RIVER Signal】Long | Healthy Pullback After Short Squeeze

$RIVER After a nearly 30% surge in a single day, it is now undergoing a healthy cooldown above a key support level. A flag pattern has formed on the 4H timeframe, which is a typical continuation pattern after a short squeeze.

🎯Direction: Long

🎯Entry: 16.85 - 17.10

🛑Stop Loss: 16.40 (Rigid stop loss, below previous low and EMA20 support)

🚀Target 1: 18.60 (Previous high resistance)

🚀Target 2: 20.10 (Fibonacci 1.618 extension)

Core Logic Hardcore: 1) Short squeeze driven: Funding rate -0.04% + stable open interest + sharp price increase, a typical short squeeze structure, where short sellers are forced to cover, providing fuel rather than main players offloading. 2) Deep order book support: Order book depth imbalance -16%, buy orders (Bids) significantly thicker than sell orders (Asks), indicating institutional funds actively absorbing around 16.90. 3) Technical resonance: Price remains above EMA20 (15.10), RSI (61.44) has healthily retreated from overbought territory to neutral, preparing for a second rally. The 4H K-line shows reduced volume on the pullback, with very light selling pressure. The current pullback is the best opportunity for bulls to enter.

Trade here 👇 $RIVER

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