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【$RIVER Signal】Long Breakout with Volume Absorption
$RIVER After a 25% volume breakout, the price action indicates strong buying absorption rather than a bearish stampede. Open interest rises in sync, confirming the main force entry logic.
🎯 Direction: Long
🎯 Entry: 45.80 - 46.50
🛑 Stop Loss: 44.20 ( Rigid Stop Loss )
🚀 Target 1: 49.50
🚀 Target 2: 53.00
The breakout at $RIVER is accompanied by extremely high trading volume and increasing open interest, which is a typical healthy push. The price did not quickly retrace after breaking out, indicating that selling pressure has been effectively absorbed. The LTF retracement is shallow and quickly bought back, showing market sentiment favors holding. As long as the price stays above 45.0, momentum is expected to continue.
Trade here 👇 $RIVER
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