$RIVER After a strong breakout on the 4-hour chart, it is currently undergoing strong consolidation at a high level. The price is stable above EMA20 (14.29), but the RSI (66.55) has entered the overbought zone, making the risk of chasing the price high.
Key data reveals the intention of the main force: the funding rate of -0.0254% is negative, but the open interest (OI) remains stable, and the latest K-line buy order ratio (53%) is dominant. This is a typical short squeeze structure, where short sellers are being squeezed, rather than the main force distributing. The deep imbalance of -4.32% shows slightly thicker selling pressure, but the price has not fallen, indicating strong buying support below.
🎯 Direction: Long
🎯 Entry: 16.20 - 16.50 (Retracement to the previous breakout structure upper edge and EMA20 resonance zone)
🛑 Stop Loss: 15.60 (Break below the previous low and ATR lower track, rigid stop loss)
🚀 Target 1: 18.60 (Previous high resistance)
🚀 Target 2: 20.00 (Psychological barrier and Fibonacci extension level)
Logic: This is not a time for blind chasing of prices. The price needs a healthy pullback to reset the RSI and test the validity of the breakout. The key entry zone is located at the order block of the previous wave of rise (16.0-16.5) and the convergence of dynamic support EMA20. If the price can stabilize in this area with reduced volume and the buy order ratio rebounds, it will confirm the effectiveness of the support and accumulate momentum for the next wave of rise. Stable OI under negative funding rate is the core fuel for the continuation of the short squeeze, and short selling against the trend is strictly prohibited.
Trade here 👇$RIVER
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