【$RIVER Signal】Pullback to Long + 1H Momentum Regression New High

$RIVER The 1H timeframe has experienced a massive rally and is currently in a healthy pullback phase. The price is supported near the 1-hour EMA20, RSI indicates healthy momentum and is not in the overbought zone. The 4H trend is clearly upward, with the price above all moving averages, and open interest remains stable, indicating that the rally is not purely driven by short sellers but supported by institutional funds. The current order book shows deep buy-side support below, providing a strong foundation for a long entry on a pullback.

🎯Direction: Long

⚡Entry/Order: 17.85 - 18.25

🛑Stop Loss: 17.20

🚀Target 1: 19.50

🚀Target 2: 20.80

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position's stop loss up to the entry price. If the price strongly breaks through 20.00, move the remaining stop loss up to 19.00 to seek greater gains.

Order Book Logic: Over the past 24 hours, the price has increased by more than 30%, but open interest has not decreased, indicating that long positions are solid. The 1H RSI has pulled back from high levels to around 60, leaving room for another upward move. The order book shows dense buy orders in the 18.20-18.40 range, forming recent strong support. Combined with the upward channel on the 4H timeframe, the pullback is an opportunity.

Check real-time market 👇 $RIVER

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