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

$RIVER After experiencing a single-day surge of over 22% due to a short squeeze, it is now undergoing a healthy pullback above a key breakout level.

🎯Direction: Long

🎯Entry: 15.65 - 16.00

🛑Stop Loss: 14.95 (Rigid stop loss, below previous low and EMA20 support)

🚀Target 1: 18.60 (Previous high resistance)

🚀Target 2: 20.80 (Fibonacci 1.618 extension level)

Market Analysis: A massive bullish candle on the 4H chart (buy/sell ratio 0.51) from 13.8 to 18.57, indicating a typical short squeeze initiation signal. The current funding rate is -0.1058%, negative, but open interest remains stable, suggesting shorts are still present and the short squeeze fuel has not been exhausted.

Logical Core: Price has stabilized above EMA20 (13.96), confirming a short-term bullish trend. Depth data shows buy orders significantly outweigh sell orders (imbalance of 6.45%), indicating institutional support and accumulation at key levels.

Current pullback volume is shrinking, RSI (63.4) has fallen from overbought territory to a healthy level, indicating a benign reset within the bullish trend. The entry zone corresponds to the 50% Fibonacci retracement of the surge candle and previous high turning into support, with a risk-reward ratio exceeding 2.5:1.

Trade here 👇 $RIVER

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