【$RIVER Signal】Pullback to buy, 1H level funds support

$RIVER 1H level pullback confirms support at EMA20, price consolidating around 16.35. The 4-hour chart shows the price has broken above the upper Bollinger Band, but the MACD histogram is still expanding, indicating bullish momentum has not exhausted. Market depth shows thick buy orders in the 16.34-16.35 range, with clear intent of capital support.

🎯Direction: Long

⚡Entry: Buy in stages around the 14.60-14.98 area

🛑Stop Loss: Below 14.58

🚀Target 1: 16.53

🚀Target 2: 17.31

🛡️Trade Management:
- Execution strategy: After reaching the first target, halve the position, and move the remaining stop loss to the breakeven point. If the price cannot hold above 16.00, consider exiting early.

Position size remains stable and has not decreased with the price surge, indicating that bullish positions have not been largely profit-taking. The 1-hour RSI hovers around 70, indicating strong consolidation. Combined with significantly better buy depth than sell orders and a funding rate of only 0.005%, there are no signs of market overheating. This pullback is a healthy chip exchange. The risk-reward ratio is close to 4:1, making it a good opportunity.

Check real-time market 👇 $RIVER
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