$RIVER triggered a strong short liquidation near $13.79, confirming a bullish squeeze that forced sellers out and reinforced upward momentum. This move shows buyers firmly in control, with fresh support now established around $13.20–$13.50. As long as RIVER holds above this base, continuation toward immediate resistance near $14.40–$14.90 is favored, with the next upside target around $15.80–$16.50 where higher liquidity rests. Short liquidation events often precede trend expansion when structure remains intact. A pullback below $13.20 would suggest consolidation toward $12.70 before another push. Overall bias remains strongly bullish after the squeeze. $RIVER #CelebratingNewYearOnGateSquare
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$RIVER triggered a strong short liquidation near $13.79, confirming a bullish squeeze that forced sellers out and reinforced upward momentum. This move shows buyers firmly in control, with fresh support now established around $13.20–$13.50. As long as RIVER holds above this base, continuation toward immediate resistance near $14.40–$14.90 is favored, with the next upside target around $15.80–$16.50 where higher liquidity rests. Short liquidation events often precede trend expansion when structure remains intact. A pullback below $13.20 would suggest consolidation toward $12.70 before another push. Overall bias remains strongly bullish after the squeeze. $RIVER #CelebratingNewYearOnGateSquare