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【$RIVER Signal】Long + Volume and Price Rise Breakout
$RIVER Strong breakout after a 24% increase in volume, combined with a simultaneous rise in open interest, indicating typical main force entry and promotion rather than a short squeeze. Price action shows strong buying absorption with no significant selling pressure.
🎯 Direction: Long (Long)
🎯 Entry: 41.80 - 42.50
🛑 Stop Loss: 39.90 ( Rigid stop loss, invalid if broken)
🚀 Target 1: 45.00
🚀 Target 2: 48.50
The rise of $RIVER is accompanied by a massive spot volume of 869M and increasing open interest, which is a healthy sign of price and volume rising together. After the breakout, there was no significant pullback, indicating market sentiment favors holding and that bulls are in control. As long as the price remains above the high of the volume-increasing K-line, the upward momentum is expected to continue.
Trade here 👇 $RIVER
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