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

$RIVER After a single-day surge of 26%, it is currently consolidating above a key breakout level. This is a healthy reset following a short squeeze, not a top.

🎯Direction: Long

🎯Entry: 16.80 - 17.10

🛑Stop Loss: 15.95 (Breaks below previous low and EMA20 support, rigid stop loss)

🚀Target 1: 18.60 (Previous high resistance)

🚀Target 2: 20.10 (Fibonacci 1.618 extension level)

Logic core: After a strong breakout above EMA20, open interest remains stable and funding rates are negative. This is a classic sign of a short squeeze market, with shorts being squeezed out. 4H buy orders continue to absorb the pullback, with deep imbalance showing bid volume (Bids) significantly outweighing ask volume (Asks). Institutions are clearly defending at key levels. RSI has pulled back from overbought territory to around 63, building momentum for the next move up. The current pullback to the previous breakout zone (16.80-17.10) forms a critical support area, offering a low-risk, high-reward entry opportunity.

Trade here 👇 $RIVER

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