$RIVER After a volume increase of 21.83%, the price is currently cooling down at a high level. Combined with the open interest data, this looks more like a healthy reset after the main force entered, rather than a short squeeze or a top distribution. The market shows that buying is absorbing short-term profit-taking, with no significant selling pressure.
🎯 Direction: Long
🎯 Entry: 32.50 - 32.80
🛑 Stop Loss: 31.20 (Rigid Stop Loss)
🚀 Target 1: 34.50
🚀 Target 2: 36.80
$R$RIVER After the breakout, the price is consolidating tightly above the breakout zone, which is a typical strong continuation signal. The pullback is shallow and the trading volume is shrinking, indicating that selling pressure is exhausted, and buying is continuously absorbing at lower time frames. As long as the price can maintain the initial volume increase's high point, the probability of continuing upward is extremely high.
Trade here 👇$RIVER
RIVERUSDT
Perp
51.31
-4.93%
---
Follow me: Get more real-time analysis and insights on the crypto market!