【$RIVER Signal】Long | Short Squeeze Continuation, Deep Buy Orders Support

$RIVER After a surge with high volume, the price enters a healthy consolidation, staying above the EMA20 (16.26). Deep buy orders (Bids) are significantly thicker than sell orders (Asks), indicating institutional support.

🎯Direction: Long

🎯Entry: 18.45 - 18.65

🛑Stop Loss: 17.35 (Rigid stop loss, below previous low and EMA20 support)

🚀Target 1: 20.50

🚀Target 2: 22.80

Hardcore logic: A volume breakout on the 4H chart followed by a pullback with reduced volume is a classic signal of a bullish trend continuation. Key data resonance: 1) Funding rate -0.98%, stable open interest, ruling out major players pushing up and dumping, with potential for a short squeeze; 2) RSI (64.92) has healthy pullback from overbought zone, no bearish divergence; 3) Order book depth imbalance (-20.19%), buy orders clustered at 18.74-18.75 forming a strong support wall; 4) Price retesting previous breakout zone (18.45-18.65) coinciding with EMA20, an ideal bullish defense zone. Overall, this is considered a bullish continuation rather than a top.

Trade here 👇 $RIVER

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