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.
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DisillusiionOracle
· 15h ago
Still want to short after doubling? Are you really going to get crushed this time?
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SmartContractRebel
· 15h ago
Still want to short after doubling? I just don't believe this wave can drop back down.
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DaoGovernanceOfficer
· 16h ago
ngl the "empirically speaking" part here is doing a LOT of heavy lifting... where's the actual data backing this reversal thesis? 🤔
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SorryRugPulled
· 16h ago
Still want to short after doubling? This time, it feels like another trap to catch us.
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.