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【$RIVER Signal】Short Squeeze Continues, Pullbacks Are Buying Opportunities
$RIVER price launched from the February low of 7.99, with the monthly chart forming a strong uptrend with obvious capital momentum. Currently, the 4H level breaks through the previous high of 24.35 on volume expansion, then pulls back with active buying (buy/sell ratio >1). Perpetual futures maintain a negative funding rate, creating enormous cost pressure on short positions, forming a typical short squeeze structure. Price finds support above EMA20 (23.24), and volume contraction signals exhaustion of selling pressure with bulls ready to advance.
🎯 Direction: Long
⚡ Entry: 24.00 - 24.30
🛑 Stop Loss: 23.50
🚀 Targets: 25.95 / 26.92
🛡 Strategy: Close half position at target 1, move stops to breakeven on remainder, pursue higher targets.
View Live Chart 👇 $RIVER
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