【$RIVER Signal】Pullback to go long / Main force's bottom support exposed

$RIVER After a rally on the 1H timeframe, a pullback occurs. Buying orders are heavily stacked in the 17.71-17.72 range, indicating a clear intention of the main force to support the bottom. The 4-hour MACD is bullishly crossing above the signal line, and bullish momentum remains. The 1-hour RSI has fallen from 64 to around 60, indicating a healthy correction.

🎯 Direction: Long

⚡ Entry: Gradually accumulate in the 16.47 - 16.89 range

🛑 Stop-loss: 15.92

🚀 Target 1: 20.76

🚀 Target 2: 22.70

🛡️ Trading management:
- Execution strategy: Half position at Target 1, remaining position's stop-loss moved up to the entry price. If the price cannot hold above 17.50, consider exiting early.

Position size remains stable, and selling pressure during retracement is quickly absorbed. The middle band of the 4-hour Bollinger Bands at 16.10 provides strong support, resonating with the 1-hour EMA50 at 15.92 to form a defensive line. The current risk-reward ratio exceeds 4, making the odds favorable. The buy orders below are much deeper than the sell orders, indicating clear support from funds. The probability of a sudden collapse under this structure is very low.

View real-time market 👇 $RIVER
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