$RIVER
Short liquidations at $8.75463 signal that bears were squeezed during a local breakout. This type of liquidation typically fuels continuation when supported by strong structure. Price is pushing through a compression range with expanding volume.
Market structure shows a higher low followed by a break of local resistance. The $8.60–$8.75 zone now acts as flipped support. Momentum is building as shorts are forced to cover, adding buying pressure.
If price holds above $8.60, continuation toward higher resistance is favored.
EP (Entry Price): $8.70 – $8.85
TP1: $9.20
TP2: $9.60
TP3: $10.10
SL: $8.40
Current trend strength is shifting bullish after breaking range resistance.
Momentum favors continuation as short-side liquidity has been cleared.
With shorts trapped above $8.75, price is likely to expand toward the next supply zone near $9.60+.
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