【$RIVER Signal】Pullback to add longs + 1H retest EMA20 for support

$RIVER The 1-hour timeframe has experienced a massive rally and is currently in a healthy retracement consolidation phase. The price has fallen back from the high of 19.8, and the 1-hour chart shows testing of the EMA20 support line, with decreasing volume, which is a typical sign of strong consolidation. The 4-hour candle forms a large bullish body, establishing an upward trend, with trading volume remaining stable, indicating that the main players have not exited. The current price is far from the optimal entry zone, strictly avoid chasing high, and patiently wait for a retest confirmation.

🎯Direction: Long (Long)

⚡Entry/Order: 16.173 - 16.537 (Pullback entry)

🛑Stop Loss: 15.50

🚀Target 1: 18.50

🚀Target 2: 19.80

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry point. The remaining position aims for Target 2. If the price strongly breaks through 19.80, consider holding part of the position for a potential move towards 21.00.

(Depth Logic: The 4-hour timeframe broke out of the previous consolidation range with a massive volume yesterday, which is a clear signal of main capital entering. Although the 1-hour RSI is at a healthy high of 68, the price can recover through sideways movement or slight retracement. The trading volume remains stable after significant price fluctuations, indicating that neither bulls nor bears are retreating on a large scale, preparing for the next wave of volatility. The 16.0-16.5 zone below is the first dense area of chips after the breakout, and also the resonance support zone of the 1H EMA20 and 4H EMA50, with a high success rate for retests. )

View real-time market 👇 $RIVER

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