Be cautious when shorting RIVER. There are three main reasons.
First, look at the market data. The spot has already hit the target range, but the futures are only a little over 16 oil, with a clear price difference. What's more painful is that the fee rate is at -1, and there are a lot of short positions piling up below. In this situation, the market makers can easily push up the futures to trigger these shorts, and you can be wiped out with a slight mistake.
Second, the technical analysis also doesn't support a decline. Various technical indicators do not show a clear downward trend; this coin's movement is very strange. If you really want to short, the chances of losing money far outweigh the chances of making money. Even if it's just short-term volatility, the fee costs are eating into your profits every day.
The most practical advice is this: wait and watch when the market makers push up the futures and clear out that batch of shorts, then look for an opportunity to short. It's not too late. Don't rush in now. Not making a profit is fine, and not losing is also a win. Just stay steady.
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SolidityNewbie
· 14h ago
So many short positions are accumulated; a pump leading to liquidation is inevitable. Still, we have to wait for the big players to make a move first.
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gas_fee_therapist
· 18h ago
Such a large accumulation of short positions, the market makers' hands are itching. Forcing a short at this time is really asking for death, just like daily bloodsucking fees.
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hodl_therapist
· 20h ago
The short positions are accumulating so dramatically; once the big players get itchy fingers, it's over. Let's just wait and see.
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FreeRider
· 20h ago
With such a large spread, do you still dare to short? I think it's just because you find liquidation not exciting enough. Let's wait and see how the whales harvest. Right now, it's just giving away.
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0xSherlock
· 20h ago
Damn, with this spread in spot contracts, how dare the short positions pile up so aggressively to buy the dip? The market maker is just waiting and smiling.
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Andriad99
· 20h ago
No sports available.
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NFTRegretter
· 20h ago
With so many short positions accumulated, a pump and liquidation could happen in minutes. I dare not touch it anymore.
Be cautious when shorting RIVER. There are three main reasons.
First, look at the market data. The spot has already hit the target range, but the futures are only a little over 16 oil, with a clear price difference. What's more painful is that the fee rate is at -1, and there are a lot of short positions piling up below. In this situation, the market makers can easily push up the futures to trigger these shorts, and you can be wiped out with a slight mistake.
Second, the technical analysis also doesn't support a decline. Various technical indicators do not show a clear downward trend; this coin's movement is very strange. If you really want to short, the chances of losing money far outweigh the chances of making money. Even if it's just short-term volatility, the fee costs are eating into your profits every day.
The most practical advice is this: wait and watch when the market makers push up the futures and clear out that batch of shorts, then look for an opportunity to short. It's not too late. Don't rush in now. Not making a profit is fine, and not losing is also a win. Just stay steady.