RIVER's recent market movement is indeed interesting. From $9 to now, watching the funding rate turn positive again, there must be a story behind it.
Technical analysis is almost completely invalid, with chart patterns looking a mess. The question is—does this whale really want to eat up the fees, or has there been a mistake in this round of manipulation? The spread has never widened enough, and there are two possibilities.
Either the support below is too sparse to push through, or—my more likely guess—is that they are waiting for the bulls to step in and take over. After all, the traders capable of handling this level of coin are almost never prone to basic mistakes.
If this is really a trap, opening a short at the market price might be worth a try. Place the stop-loss around 18.8, not aiming for perfection—just need a solid win rate. There’s no such thing as a 100% trade, but it’s highly probable that it’s worth betting on.
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FloorPriceWatcher
· 01-12 13:12
The market maker played from 9 yuan until now, this move is indeed meticulous, waiting for the bag holder to step in
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Once the fee rate turns positive, it's time to wake up, the funds are speaking
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Graph looks messy? Then I won't look at it, just bet on the probability
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18.8 stop loss, there's nothing to say, those who don't greed live the longest
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The support below is so sparse, if it were me, I would have already dumped
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Fishing or missing the shot, either way it's worth a gamble
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For a trader of this level to make a basic mistake? Ha, I don't believe you
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If the spread can't be widened, it means nothing is confirmed, better wait a bit longer
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If the bulls take over, short at this position? You're overthinking it
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The fee must be fully paid, depends on who actively brings in money later
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StealthMoon
· 01-12 02:50
Holding onto 9 yuan until now, the operation of converting fees to regular charges really has some substance.
Whether the big players are fishing or truly making mistakes, you'll see once you watch.
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BetterLuckyThanSmart
· 01-12 02:49
Seeing 9 yuan now, the move to turn the fee rate positive is indeed ruthless. The market makers are either out of their minds or trying to trap the retail investors.
The order book is too scattered to push the spread. It feels like they are just waiting for the bulls to take the bait; experienced traders wouldn't be so clumsy.
Try opening a short at 18.8 with a stop loss—it's a gamble, but not a loss. If there's a high-probability profitable trade, let's do it.
The spread is so rigid; the next move seems to be the key.
The market maker's hand is quite something; let's see if it breaks the level.
This fee adjustment is making the water temperature a bit hot.
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GateUser-cff9c776
· 01-12 02:48
Haha, the graphic of a complete collapse is spot on, perfectly illustrating the philosophy of a bear market.
Fees are normalized but still can't widen the spread? According to supply and demand curves, this is either market makers engaging in performance art or truly fishing for bagholders.
Daring to gamble around 18.8 with a stop-loss—now that's gutsy. Anyway, in the Web3 era, going all-in is itself a form of decentralization spirit.
Watching from 9 bucks to now, this person's patience is truly worth learning from. I, for one, was shaken out long ago.
Still trying to open a short with a narrow spread—Schrödinger's bull market vibe.
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UnluckyMiner
· 01-12 02:36
Holding onto 9 blocks until now, the detail of the fee rate turning positive is indeed intriguing.
Damn, with such a poor technical setup, how can the market still play? Or are they really just waiting for the next sucker to take over?
Try a short with an 18.8 stop-loss? Anyway, betting on red is gambling, just see if the win rate is high enough.
It's ridiculous if the spread can't be widened; is there really no one below, or are they deliberately teasing?
If this trader really makes a basic mistake, then I would believe in ghosts.
RIVER's recent market movement is indeed interesting. From $9 to now, watching the funding rate turn positive again, there must be a story behind it.
Technical analysis is almost completely invalid, with chart patterns looking a mess. The question is—does this whale really want to eat up the fees, or has there been a mistake in this round of manipulation? The spread has never widened enough, and there are two possibilities.
Either the support below is too sparse to push through, or—my more likely guess—is that they are waiting for the bulls to step in and take over. After all, the traders capable of handling this level of coin are almost never prone to basic mistakes.
If this is really a trap, opening a short at the market price might be worth a try. Place the stop-loss around 18.8, not aiming for perfection—just need a solid win rate. There’s no such thing as a 100% trade, but it’s highly probable that it’s worth betting on.