$RIVER just triggered a short liquidation around $8.2086 which means sellers were forced to close positions as price pushed higher. This is usually the spark for a continuation rally because trapped shorts become market buyers. The chart is now holding above its breakout area and volume is slowly building. As long as price stays above this zone, the upside remains open.
EP: $8.10 – $8.30
TP: $8.75 / $9.40 / $10.30
SL: $7.60
RIVERUSDT
Perp
39.56
-21.16%