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【$RIVER Signal】Long (Pullback Confirmation) - 1H Strong Breakout with Retracement Confirmation, Obvious Main Force Support Intent
$RIVER 1H timeframe just experienced massive rally, price created intraday new high followed by minor pullback, currently in healthy retracement phase after strong breakout. 4H timeframe has formed three consecutive bullish candles, trend shifted from weak to strong, current pullback is an excellent second entry opportunity.
🎯 Direction: Long
⚡ Entry/Limit Orders: 19.668 - 20.175
🛑 Stop Loss: 18.954
🚀 Target 1: 25.060
🚀 Target 2: 27.502
🛡 ️Trade Management:
- Execution Strategy: Reduce position by 50% upon reaching Target 1, move stop loss up to entry price. Remaining position targets Target 2. If price breaks through Target 1 strongly, move stop loss below Target 1.
Deep Logic: The past hour's rally accompanied by buy-side depth significantly superior to sell-side, showing main force capital remains in the market. Although RSI at 69 is at healthy high level, 1H EMA20 has formed strong support band. Open interest remained stable during price surge, not short squeeze but genuine long buying momentum. The 19.6-20.1 range below is optimized entry zone, dense buy orders provide good risk/reward ratio.
View Live Chart 👇 $RIVER
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