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RIVER's recent trend is quite interesting—approaching the $30 mark, but the K-line around $26.00 has started to behave very strangely. Look at the frequent phenomenon of volume expansion without price increase, combined with long upper shadows. What does this usually indicate? Are the main players distributing at high levels?
Many retail investors are still dreaming of $30, but the signals on the chart are already very clear. This kind of consolidation pattern at high levels actually presents a good opportunity for traders looking to leverage and amplify their gains.
If you are interested in shorting, you can set up in the range of 27.70 to 29.50. Why? Because this is where gravity begins to exert force. Using 20x leverage, as long as you catch a roughly 1% decline (about dropping to 27.42), you can secure a 20% profit target.
Of course, risk management is essential. Set your stop-loss at 32.80, so even if there’s a sudden spike, losses are kept within an acceptable range.
The current rhythm is to follow the trend. While others are buying at the top, you should already be taking profits and heading down.