【$RIVER Signal】Long - 1H breakout pullback confirmation, main force clearly defending the market

$RIVER The 1H timeframe experienced a 24% surge yesterday and is currently in a high-level consolidation and accumulation phase. The key area to watch is between 11.13 and 11.25. The 1H EMA20 (10.33) and 4H EMA20 (9.59) form a strong support zone. The price is refusing to undergo a deep correction, and open interest (OI) remains stable, indicating that the main force has not exited the market. This is a typical strong consolidation pattern. The current 1H RSI (67.97) is healthy and pulling back from overbought territory, preparing for another upward move. The order book shows a large accumulation of buy orders in the 11.23-11.24 range, providing strong support.

🎯Direction: Long (Long)

🎯Entry/Order: 11.20 - 11.30 (Reason: 1H support zone, above the previous hour's low)

🛑Stop Loss: 10.90 (Reason: Break below 1H EMA50 support and yesterday’s breakout lower boundary)

🚀Target 1: 11.95 (Reason: Previous high resistance, close to yesterday’s high)

🚀Target 2: 12.50 (Reason: Based on the recent rally’s 1.272 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 24-hour volatility reaches 24.55%, risk control needed)

- Execution strategy: After the price reaches 11.95 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 11.30 (break-even). If the price strongly breaks above 12.00, trail the remaining stop loss dynamically at the 1H EMA20.

Order book logic: Although the 4H chart shows the price has moved far from the moving averages and a correction may be needed, the behavior of funds on the 1H level is more critical. The open interest remains “stable” rather than decreasing after the surge, combined with an imbalance in buy order depth (30.58%), indicating that bullish funds are still actively defending or adding to their positions, not just retail FOMO. The 1H candlestick forms a clear lower shadow at 11.13 (probe), confirming strong buying interest at this level. This is a typical “strong coin correction for re-entry” scenario, with a risk-reward ratio >1.5, making it a good target.

Check real-time market 👇 $RIVER

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