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【$RIVER Signal】1H timeframe breakout and pullback, multi-cycle resonance upward
$RIVER 1H timeframe price steadily holds above the EMA20 and EMA50, with buy-side pressure continuously lifting the price. The middle band of the 4H Bollinger Bands at 5.6584 has been effectively broken through and turned into support. After the MACD double lines golden-cross above the zero line, the bullish momentum may contract, but the structure remains intact.
Current price 6.382: go long directly; place protection below 5.980. First target: 6.383; second target: 6.408.
🛡️Trading management: - Execution strategy: After the price reaches 6.383, cut the position by half, and move the stop-loss for the remaining position up to the entry price. If the price cannot hold above 6.383 and falls back, exit all positions.
As the price rallies, the 1-hour trading volume expands, showing that capital actively moves in. The 4-hour MACD histogram turns red and keeps expanding, indicating a more positive trend shift. The order book depth shows sell pressure concentrated above 6.7, while support below is dense, meaning limited room for a short-term pullback. Under this setup, the risk-reward ratio is reasonable, making it worth a try.
Check real-time quotes 👇 $RIVER
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