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【$RIVER Signal】Long + Volume and Price Breakout
$RIVER Strong breakout after a 24.63% increase in volume, price action shows continuous absorption by buyers, with open interest rising simultaneously. This is a typical sign of institutional entry rather than a short squeeze.
🎯 Direction: Long
🎯 Entry: 67.50 - 68.50
🛑 Stop Loss: 64.80 ( Rigid stop loss, invalidates the structure if broken )
🚀 Target 1: 72.80
🚀 Target 2: 76.50
$RIVER 's breakout is accompanied by a significant trading volume of 851 million and increasing open interest, indicating healthy volume and price growth. The price did not quickly retrace after breaking out, showing that selling pressure has been effectively absorbed. The current structure leans towards the start of a new wave of upward momentum. As long as the price remains above the breakout zone, upward momentum will continue.
Trade here 👇 $RIVER
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