RIVER has indeed performed well in recent days. Looking back, the previous days were consistently bullish, predicting a new high, and now that has been confirmed—five consecutive trading days of gains, with a substantial increase, more than doubling in price.



However, at this point, the situation seems to have changed. From a technical perspective, the fundamental signals related to steel have reached a resistance zone, and the price trend is showing signs of a reversal. Some key technical indicators are also signaling a potential top.

At this moment, a reverse operation might be worth considering. The opportunity for short-term short positions seems to be emerging. The market works this way—after rising to a certain stage, it’s necessary to be alert to a pullback risk. Cautious traders should pay attention to these correction signals.
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.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
DisillusiionOraclevip
· 15h ago
Still want to short after doubling? Are you really going to get crushed this time?
View OriginalReply0
SmartContractRebelvip
· 15h ago
Still want to short after doubling? I just don't believe this wave can drop back down.
View OriginalReply0
DaoGovernanceOfficervip
· 16h ago
ngl the "empirically speaking" part here is doing a LOT of heavy lifting... where's the actual data backing this reversal thesis? 🤔
Reply0
SorryRugPulledvip
· 16h ago
Still want to short after doubling? This time, it feels like another trap to catch us.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)