RIVER's recent market movement has indeed been quite aggressive. From the high of 17.600, it has been crashing down and has now fallen to 16.289. The previously set short positions have also been successfully triggered. During this period, the bullish momentum has clearly diminished, and just now it even broke below the key support level of 16.300.
The current strategic approach is as follows: consider entering short positions lightly in the 16.300 to 16.400 range, with stop-loss set above 16.800. This way, risk management will be clearer. As for the target price, aiming for 16.000 in the short term is possible. Calculating this, the risk-reward ratio is approximately 1:2, which is still a worthwhile consideration.
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ImpermanentSage
· 17h ago
Short positions are profitable, and breaking below 16.300 is really no surprise. However, greed can lead to losses. Let's cut the target at 16.000 in half first to secure profits.
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WenAirdrop
· 17h ago
Short positions taking off, finally not losing money this time haha
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AirdropHarvester
· 17h ago
Short positions are satisfying, but I'm worried that a rebound might directly break through 16.800, and that would be uncomfortable.
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WalletDetective
· 17h ago
The short position was satisfying, but the downward momentum doesn't seem to be fully released yet.
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MoonlightGamer
· 17h ago
Short position triggered, feeling great. This wave is indeed powerful. Once it breaks 16.300, there's no suspense. Keep watching.
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LootboxPhobia
· 17h ago
When a short position is triggered, you should hold on to it; don't get itchy fingers.
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gas_fee_therapist
· 17h ago
Once it breaks 16.300, you know something's going to happen. This time, the bulls are truly out of strength.
RIVER's recent market movement has indeed been quite aggressive. From the high of 17.600, it has been crashing down and has now fallen to 16.289. The previously set short positions have also been successfully triggered. During this period, the bullish momentum has clearly diminished, and just now it even broke below the key support level of 16.300.
The current strategic approach is as follows: consider entering short positions lightly in the 16.300 to 16.400 range, with stop-loss set above 16.800. This way, risk management will be clearer. As for the target price, aiming for 16.000 in the short term is possible. Calculating this, the risk-reward ratio is approximately 1:2, which is still a worthwhile consideration.