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【$RIVER Signal】Short Squeeze Pullback, Longs Building Momentum
$RIVER price initiated from the February low of 7.99, displaying a steep uptrend channel on the monthly timeframe with gains exceeding 200%, showing clear characteristics of major capital accumulation. Currently on the 4H level, volume breakout above previous highs followed by volume contraction pullback. Buy-side depth (bid_ask_ratio_depth: 1.65) significantly outperforms sell-side, indicating strong support below. Under negative funding rate environment, price rejects deep declines, with short holders facing short squeeze risk—this is a typical continuation structure within an uptrend.
🎯 Direction: Long
⚡ Entry: 23.90 - 24.10
🛑 Stop Loss: 23.42
🚀 Targets: 25.83 / 26.80
🛡 Strategy: Close half position at target 1, move stop loss of remaining position up to entry price, risk-free play toward second target.
View Live Chart 👇 $RIVER
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