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【$RIVER Signal】Short + Volume Breakout
$RIVER After experiencing a significant decline, the market shows a weak consolidation after a volume breakout. The price decline is accompanied by huge trading volume (1552M) and high open interest, indicating that market logic suggests caution for potential main force distribution or long liquidation leading to continued selling pressure. The current pattern is a downward correction, with no effective buying absorption observed.
🎯 Direction: Short (Short)
🎯 Entry: 59.0 - 60.5
🛑 Stop Loss: 63.0 (Rigid Stop Loss)
🚀 Target 1: 54.0
🚀 Target 2: 48.0
$RIVER The daily decline exceeds 28%, which is a typical trend breakdown. The massive trading volume combined with high open interest indicates a large number of floating loss positions, and any weak rebound may encounter new selling pressure. The price is operating below key support levels, lacking effective buying support structures, and seeking liquidity downward is the path of least resistance.
Trade here 👇 $RIVER
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