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RIVER's recent market performance has been quite interesting, exhibiting a typical high-level stagnation pattern. After a significant surge, the price frequently left long upper shadows at the 27.70 level—an iconic move indicating that the main force is distributing chips during high volatility. As long as the 30.00 integer barrier cannot be broken through with volume and stabilized, the liquidity-deficient zones below will generate strong pull.
From a technical perspective, the bullish momentum is noticeably weakening. What is the operational approach in this situation? You can gradually build short positions within the 27.70 to 29.50 range. If combined with 20x leverage, a 1% decline in price can yield a 20% profit, making this risk-reward ratio quite attractive. For risk management, set a strict stop-loss at 32.80 to prevent sudden sharp losses.
My suggestion is to focus on the 1-minute chart. Once repeated attempts to push higher are thwarted, that’s the golden time to enter short positions. For intraday traders, such high-volatility assets are indeed a good hunting ground, but the most critical discipline is—take profits immediately when targets are reached, don’t be greedy.