【$RIVER Signal】Pullback to Long + 1H Rebound Confirming Support at EMA20

$RIVER On the 1-hour timeframe, after experiencing a 26% surge yesterday, the price is currently consolidating at a high level, pulling back to the 1-hour EMA20 to seek support. The 4-hour trend remains strong, with the price well above EMA50, but RSI has entered the overbought zone, indicating a short-term technical correction may be needed. Open interest remains stable, suggesting funds have not exited significantly, and buy-side depth around 18.68 is very solid, providing a cushion for the price.

🎯Direction: Long (Pullback to Long)

⚡Entry/Order: 17.424 - 17.815

🛑Stop Loss: 16.90

🚀Target 1: 19.30

🚀Target 2: 20.50

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and lock in profits, while moving the remaining position’s stop loss up to the entry price. If the price strongly breaks through 19.50, move the remaining stop loss up to 19.00 to aim for higher targets.

(Depth Logic: Currently, the 1-hour RSI has fallen from a high of 70+ to 64.7, indicating healthy momentum and potential for further upward movement. Market depth shows dense buy orders in the 18.68 to 18.67 range, forming immediate support. The entry zone (17.42-17.81) coincides with the resonance area of the 1-hour EMA20 and the upper edge of previous 4-hour candle bodies, making it an ideal low-risk entry point. Coupled with stable open interest during price increases, this appears to be a healthy shakeout after a rally rather than distribution by the main players. )

View real-time quotes 👇 $RIVER

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