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Looking at RIVER's recent movement, I want to discuss some trading details with everyone.
The key is not to think about precise bottom fishing. My suggestion is to wait until the 5-minute K-line breaks below the previous consolidation low (for example, 27.0). Then, when the price rebounds but does not break this low, consider entering a short position. This way, you can at least confirm the direction rather than guessing blindly.
The logic for reducing positions after entry is also very important. Once a 20% profit target is reached, close 50% of the position to lock in gains. Move the stop-loss of the remaining half to the cost basis, so you can continue to pursue larger downward movements while controlling risk. But there is a strict requirement—if the price breaks above 31.50 and then retests without breaking below, you must cut losses decisively, because this usually indicates funds are entering the next rally cycle.
Regarding time cost, for highly volatile assets like this, if it consolidates sideways for more than two hours without movement, my approach is to exit directly. It’s a waste of time and could be caught off guard by a sudden surge, which is not worth it.
On hedging strategies, if RIVER remains stagnant at high levels, your funds are essentially locked in. At this point, you can look at other assets, such as DASH or UNI, which have only risen 10%-15% and are just starting to move. Their potential for catching up is often more certain than RIVER’s retracement space. A different approach might yield more stable returns.
You also need to keep an eye on BTC’s movement, especially on the 15-minute chart. If BTC retraces, coins like RIVER that have surged too much are usually the first to fall, with declines twice as large as the market. This is a point often overlooked in routine operations.
Finally, about leverage. A 20x leverage has very low tolerance. If RIVER’s volatility becomes too intense, with 1-minute swings exceeding 2%, I recommend reducing leverage to 10x and widening the stop-loss range. This makes trading more stable and helps achieve daily profit targets without taking on excessively high risks.