$RIVER just made a strong statement.
Shorts were forced out around 13.09702, and that kind of squeeze usually shows one thing — sellers were overextended. When the market clears out that much short pressure and price keeps holding strong, it signals strength, not weakness.
Right now, price is holding firmly above 12.6000, which has flipped into solid support. That level matters. As long as it holds, the bullish structure stays clean.
We’re seeing steady higher lows forming. No panic drops. No messy structure. Just gradual improvement in price action. That’s how healthy trends build.
Here’s the trade idea:
Entry Price: 13.1800
Stop Loss: 12.1800
Targets:
TP1: 14.2000
TP2: 15.4000
TP3: 16.8000
Why this setup makes sense:
The short squeeze removed overhead pressure. That clears the path for continuation. Above current price, liquidity is sitting at 14.2000, 15.4000, and 16.8000 — those are natural magnets where price often moves next.
Momentum remains on the buyer side. Every pullback so far has been controlled, not aggressive. That shows confidence from bulls.
The stop at 12.1800 protects against a deeper breakdown. If price falls there, structure weakens and the idea is invalid.
As long as RIVER keeps printing higher lows and holding above support, the path upward remains open.
This is structured strength, not hype. Let the trend work. Manage risk. Scale out at targets. Stay patient and disciplined.
#PEPEBrokeThroughDowntrendLine #MarketRebound #CPIWatch #USNFPBlowout #TrumpCanadaTariffsOverturned