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【$RIVER Signal】Pullback to Long + 1H Level Support Confirmation
$RIVER The 1H level is currently oscillating above a critical support zone (13.55-13.62), which is a healthy retracement of yesterday's 4H large bullish candle. The 4H level has stabilized above the EMA20 (12.59), indicating a shift from a bearish to a bullish medium-term trend. The current 1H RSI (49.45) is in the neutral zone, preparing for another upward move. The order book depth is imbalanced -2.60%, with slightly more selling pressure, but buy orders are accumulating below (13.61-13.63), showing clear main force support. Open interest remains stable, and no panic selling has occurred during the price pullback, signaling a strong correction.
🎯Direction: Long (Long)
⚡Entry/Order: 13.556 - 13.624
🛑Stop Loss: 13.30
🚀Target 1: 14.20
🚀Target 2: 14.80
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position's stop loss to the entry average price (break-even). If the price strongly breaks through 14.30, move the remaining stop loss to 13.80 to capture greater profits.
(Depth Logic: The 4H level has completed a breakout from the previous downtrend, with EMA20 crossing above EMA50 to form a golden cross. The 1H retracement has entered the suggested entry zone and is near EMA50_1H (13.10), a strong support level. Funding rate is only 0.005%, with no risk of a long squeeze. Combining market logic indicating ‘price rise,’ stable open interest, this is a healthy retracement and a second entry opportunity, not a main force dump. )
View real-time market 👇 $RIVER
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