【$RIVER Signal】Pullback to go long / Main force bottoming intention exposed

$RIVER 1H level rally then pullback, price consolidates around 17.38. The middle band of the 4-hour Bollinger Bands at 16.48 provides strong support, and on the 1-hour chart, the EMA20 above 16.56 shows solid buying interest. Below, there are dense orders in the 16.9 to 17.0 range. The order book is rapidly canceling orders, but large buy orders are rebuilding at key levels, fully revealing the capital's bottoming intention.

🎯Direction: Long

⚡Entry/Order placement: Enter in batches around 16.48 - 16.66

🛑Stop loss: 15.53

🚀Target 1: 20.25

🚀Target 2: 22.13

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the remaining stop loss to the entry price. If the price cannot hold above 17.0, consider exiting early.

Position size remains stable, and no large liquidations occurred during pullback, indicating that long positions are relatively solid. The 1-hour MACD fast and slow lines are converging, indicating a potential direction choice. Combined with RSI dropping from 66 to a healthy zone, preparing for another upward move. Sell orders form a thin wall between 17.38 and 17.40; breaking through opens up space above. The current risk-reward ratio exceeds 4, making this setup quite favorable.

Check real-time market 👇 $RIVER
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