Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
RIVER is currently stuck at 27.70. It looks like the price is jumping sharply but there is no substantial increase. This kind of high-volatility, low-net-growth trend usually indicates that the bulls' strength is being gradually eaten away by large sell orders. In front of a 20x leverage amplifier, our strategy is simple—don't chase the trend, instead wait for the moment when the bulls are completely exhausted.
The key observation point is in the range of 29.50 to 30.50. If the price surges up and then drops quickly, that’s a golden entry signal for the bears, indicating that the selling pressure above has already wiped out the last of the bullish retail orders. Once you enter to pursue a 20% profit, remember that under 20x leverage, only a 1% price fluctuation is enough. When reaching the target, immediately withdraw the principal, and set a stop-loss on the remaining profit order to let it run and gamble on a bigger decline.
The support level to watch is 23.80, which was established as strong support earlier. If a short position drops to this level and volume increases, don’t hesitate—close the position directly. Don’t expect to break through all supports in one go; the market won’t cooperate that easily.
For high-volatility traders like RIVER, position management must be especially cautious. No single trade should exceed 5% of total funds. Extreme price spikes can happen at any time, which can blow up the position—no negotiations on that.