RIVER's recent market movement has been quite crazy. A single-day surge of 55.87%, bullish sentiment has already reached a critical point—usually indicating that the short trap is about to break, and profit-taking is imminent.
After the price surged to a high of 29.14, the candlestick started to turn around, and it is currently oscillating around 27.703. From a technical perspective, the price is consolidating at a high level, but the trading volume has not reached new highs—what does this imply? Buying interest has already started to weaken before the $30 level. Overbought indicators are seeking correction, and once the price breaks below the short-term support at 27.00, the downward space will open quickly.
**The trading logic is as follows:**
Enter between 27.703 and 29.800, with a stop-loss at 33.150. The first target is 21.600, and the second target points to 17.500. Using 20x leverage, a price drop of about 1% from 27.703 (roughly 0.27 points) can yield a 20% intraday profit—this risk-reward ratio is quite acceptable from a position management perspective.
But RIVER's temper is indeed not very good. It is recommended to adopt a "gradual entry with strict stop-loss" approach, rather than going all-in at once. Pay special attention to the 5-minute chart—if you see continuous failed attempts to push higher with decreasing volume, that is basically a confirmation signal to enter short positions. The resistance from the supply zone is strong, and combined with the emotional extremes already reached, a pullback is not just possible but highly probable.
View Original
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.
14 Likes
Reward
14
6
Repost
Share
Comment
0/400
ConfusedWhale
· 01-21 16:31
It's that same "all-in" rhythm again. RIVER really has a bad temper. I think I'll do it in batches.
View OriginalReply0
SneakyFlashloan
· 01-21 04:56
You want me to go all-in with just 55 points? I really can't get over RIVER's temper. Gradual entry is the way to go.
View OriginalReply0
GasDevourer
· 01-18 17:59
Still daring to gamble with 55 points? This coin has such a bad temper; I'd rather earn less than get beaten up badly.
View OriginalReply0
SilentObserver
· 01-18 17:58
Pulling out 55 points in a day, this move is indeed a bit outrageous... feels like it's about to top out.
View OriginalReply0
MEVEye
· 01-18 17:58
Playing 20x all-in again? Do you really think RIVER is an ATM?
View OriginalReply0
MidnightSnapHunter
· 01-18 17:33
A 55% increase is indeed crazy, but such market conditions often signal the prelude to a desperate short squeeze. Gradually entering short positions is the way to go.
RIVER's recent market movement has been quite crazy. A single-day surge of 55.87%, bullish sentiment has already reached a critical point—usually indicating that the short trap is about to break, and profit-taking is imminent.
After the price surged to a high of 29.14, the candlestick started to turn around, and it is currently oscillating around 27.703. From a technical perspective, the price is consolidating at a high level, but the trading volume has not reached new highs—what does this imply? Buying interest has already started to weaken before the $30 level. Overbought indicators are seeking correction, and once the price breaks below the short-term support at 27.00, the downward space will open quickly.
**The trading logic is as follows:**
Enter between 27.703 and 29.800, with a stop-loss at 33.150. The first target is 21.600, and the second target points to 17.500. Using 20x leverage, a price drop of about 1% from 27.703 (roughly 0.27 points) can yield a 20% intraday profit—this risk-reward ratio is quite acceptable from a position management perspective.
But RIVER's temper is indeed not very good. It is recommended to adopt a "gradual entry with strict stop-loss" approach, rather than going all-in at once. Pay special attention to the 5-minute chart—if you see continuous failed attempts to push higher with decreasing volume, that is basically a confirmation signal to enter short positions. The resistance from the supply zone is strong, and combined with the emotional extremes already reached, a pullback is not just possible but highly probable.