RIVER's recent trend is worth paying attention to. The current price is 24.651, down 0.79% from the 24h high of 24.849. As the price reached a high, it started to fall back, and you will also notice that both the total contract position and total value are decreasing simultaneously, indicating a clear withdrawal of funds. This is a very obvious bearish signal.
Looking at the long and short data from the large account port, it becomes even more interesting. The proportion of long accounts has always been relatively low, and since 17:15, the bearish force has been continuously strengthening. The market’s long-short structure is clearly weakening, and now the bears have taken the dominant position.
From these signs, the opportunity to short is quite clear. Of course, proceed at your own risk. You might consider setting your stop-loss above 24.849. If you disagree with this judgment, you can also stay on the sidelines. If you agree with this approach, just go ahead and open a position.
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RIVER's recent trend is worth paying attention to. The current price is 24.651, down 0.79% from the 24h high of 24.849. As the price reached a high, it started to fall back, and you will also notice that both the total contract position and total value are decreasing simultaneously, indicating a clear withdrawal of funds. This is a very obvious bearish signal.
Looking at the long and short data from the large account port, it becomes even more interesting. The proportion of long accounts has always been relatively low, and since 17:15, the bearish force has been continuously strengthening. The market’s long-short structure is clearly weakening, and now the bears have taken the dominant position.
From these signs, the opportunity to short is quite clear. Of course, proceed at your own risk. You might consider setting your stop-loss above 24.849. If you disagree with this judgment, you can also stay on the sidelines. If you agree with this approach, just go ahead and open a position.