【$RIVER Signal】Long, 1H breakout to clear short positions in progress

$RIVER Breakout volume at 1H level breaks above the middle band of Bollinger, price stabilizes above EMA20. The 4H MACD histogram continues to expand, buying momentum still accumulating. Market depth shows sparse sell orders, a -14.79% imbalance indicating limited selling pressure above, initial short squeeze structure forming. Current risk-reward ratio is acceptable, but caution is needed for profit-taking on the hourly timeframe.

Price has broken through a key resistance, current price around 5.814 can enter directly.

Set stop at 7.153, which is the upper boundary of the previous dense trading zone.

First target at 6.983, close to the 4H Bollinger upper band.

Second target at 6.926, as a conservative take-profit level.

After reaching the first target, halve the position, and move the remaining stop-loss up to the cost basis. If the price falls back into the entry zone, it indicates a failed breakout, and an exit should be made decisively.

1-hour RSI rises to 63.92, not in overbought zone, still room for upward movement. The 4-hour price has already broken above the Bollinger middle band, MACD shows a golden cross and continues to strengthen, trend turning bullish. The funding rate at 0.015% is positive but not high, no signs of extreme greed, combined with stable open interest, this rally has some sustainability. Key is whether it can continue to absorb orders in the 5.90-6.00 range.

Check real-time market 👇 $RIVER
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