【$RIVER Signal】Pullback to Long + 1H Oversold Rebound

$RIVER The 1H timeframe is experiencing a deep pullback, with the price quickly dropping from around 21.5 to approximately 17.8. The current 1-hour RSI indicates oversold conditions, suggesting a technical rebound is likely. On the 4H chart, the price remains above the EMA50 (15.09), supported by the major trend. This first deep retracement after the recent rally presents an excellent short-term entry opportunity. Open interest remains stable, indicating not panic selling but healthy profit-taking.

🎯 Direction: Long (Pullback Entry)

⚡ Entry/Order: 16.50 - 17.00

🛑 Stop Loss: 15.90

🚀 Target 1: 18.50

🚀 Target 2: 19.80

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price retraces after hitting Target 1 and falls below the trailing stop, exit all positions.

Deep Logic: The price plummeted from 20.9 to 17.5 within an hour, a significant short-term decline. The 1-hour RSI is in oversold territory, indicating a strong technical correction is needed. The 4-hour EMA50 (15.09) provides strong support below, coinciding with the lower boundary of the suggested entry zone. Order book shows buy orders accumulating around 17.85, with decent depth, providing a preliminary foundation for a rebound. This is the classic “golden pit” opportunity after a sharp rise, with an excellent risk-reward ratio.

View real-time market 👇 $RIVER

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