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【$RIVER Signal】Long Position: Healthy Reset After Breakout with Volume Surge
After a 25% volume-driven increase, the price is consolidating in a narrow range at a high level. This pattern is a typical cooling-off after a breakout, representing a healthy reset rather than a top distribution. The market shows buying interest absorbing short-term profit-taking, with no signs of large-scale selling pressure.
🎯 Direction: Long
🎯 Entry: 73.50 - 74.50
🛑 Stop Loss: 71.00 $RIVER Rigid Stop Loss (
🚀 Target 1: 78.00
🚀 Target 2: 82.00
The breakout was accompanied by a massive volume of over one billion USD, with open interest rising simultaneously. This is a clear signal of main capital entering the market, rather than just short covering. The price did not retrace deeply after the breakout but formed a tight flag pattern at the high, indicating market reluctance to sell and bullish control. As long as the price holds above the breakout zone, a continued upward move after the consolidation is highly probable.
Trade here 👇 )
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