【$RIVER Signal】Long | Short Squeeze Begins, Deep Imbalance Attracts Buying

After a prolonged decline, $RIVER experienced a volume rebound near the previous low, forming a potential double bottom pattern. The current price is above the EMA20 but faces short-term profit-taking pressure.

🎯Direction: Long

🎯Entry: 18.80 - 19.20

🛑Stop Loss: 17.50 (Rigid stop loss, break below previous low and EMA20 support)

🚀Target 1: 21.35 (Previous high resistance)

🚀Target 2: 23.50 (Fibonacci 0.618 retracement level)

Core Logic: 1) Short squeeze conditions met: Funding rate at -0.273% is negative, open interest stable, short positions face squeeze risk. 2) Significant depth imbalance: Order book buy-side depth (Bids) is 1.66 times the sell-side (Asks), indicating strong institutional buy orders supporting the squeeze. 3) Healthy price action: Volume surged on 4H breakout, then retraced with reduced volume, indicating a healthy reset. RSI (70.3) is high but not a reason to short in a short squeeze environment. ATR (1.82) shows increased volatility, so stop loss should be set with enough room. Overall, major players are leveraging the negative funding rate environment to squeeze shorts, with deep buy orders providing support. A retracement to key zones presents a low-risk long opportunity.

Trade here 👇 $RIVER

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