Looking at RIVER's recent movement, I want to discuss some trading details with everyone.
The key is not to think about precise bottom fishing. My suggestion is to wait until the 5-minute K-line breaks below the previous consolidation low (for example, 27.0). Then, when the price rebounds but does not break this low, consider entering a short position. This way, you can at least confirm the direction rather than guessing blindly.
The logic for reducing positions after entry is also very important. Once a 20% profit target is reached, close 50% of the position to lock in gains. Move the stop-loss of the remaining half to the cost basis, so you can continue to pursue larger downward movements while controlling risk. But there is a strict requirement—if the price breaks above 31.50 and then retests without breaking below, you must cut losses decisively, because this usually indicates funds are entering the next rally cycle.
Regarding time cost, for highly volatile assets like this, if it consolidates sideways for more than two hours without movement, my approach is to exit directly. It’s a waste of time and could be caught off guard by a sudden surge, which is not worth it.
On hedging strategies, if RIVER remains stagnant at high levels, your funds are essentially locked in. At this point, you can look at other assets, such as DASH or UNI, which have only risen 10%-15% and are just starting to move. Their potential for catching up is often more certain than RIVER’s retracement space. A different approach might yield more stable returns.
You also need to keep an eye on BTC’s movement, especially on the 15-minute chart. If BTC retraces, coins like RIVER that have surged too much are usually the first to fall, with declines twice as large as the market. This is a point often overlooked in routine operations.
Finally, about leverage. A 20x leverage has very low tolerance. If RIVER’s volatility becomes too intense, with 1-minute swings exceeding 2%, I recommend reducing leverage to 10x and widening the stop-loss range. This makes trading more stable and helps achieve daily profit targets without taking on excessively high risks.
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DisillusiionOracle
· 13h ago
I have to admit this guy's logic, especially the point about not chasing precise bottoming... how many people have died just waiting on "I'll wait a bit longer"
Honestly, playing with 20x leverage on this kind of coin is just asking for death. A 1-minute 2% fluctuation can blow up without any reaction time
But to be honest, hedging into DASH or UNI is indeed a reliable strategy, much better than holding onto RIVER and doing nothing
I've also been burned by RIVER dropping twice as much as BTC during retracements... it's way too easy to overlook
Two-hour sideways trading and then exiting is fine, but sometimes after leaving, that sudden surge can be infuriating haha
The key level at 31.50 really needs to be defended; if it can't hold, it's time to run, don't be greedy
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MEVSupportGroup
· 01-18 18:00
Damn, this precise bottom-fishing strategy can really trap people. I've tried it too many times.
Don't talk about time cost; sometimes two hours are enough to lose a month's salary.
20x leverage? Bro, you're really tired of living, right? Even a one-minute fluctuation can directly trigger liquidation.
By the way, the point about RIVER's decline doubling when BTC retraces is spot on. I often overlook this part.
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FarmHopper
· 01-18 17:58
Here comes another story of precise bottom-fishing haha, I told you not to guess blindly, wait for the rebound confirmation before entering.
20x leverage tolerance is really low, I already reduced it to 10x, otherwise my mentality would collapse.
Two hours of sideways movement, then just leave. This point is spot on, indeed a waste of life.
When BTC moves, RIVER jumps with it, I've stepped into this trap too many times.
Funds are stuck, look at UNI DASH's potential for a rebound, changing your mindset can lead to victory.
Breaking 31.50 must trigger a stop-loss, this is the bottom line, execution is key.
Move the 50% stop-loss back to the cost basis and chase the decline, this strategy is much more stable.
RIVER's recent volatility has been too intense, I’m having a hard time reading the rhythm.
Playing with too high leverage is just gambling, I prefer to stay cautious.
Bottom-fishing is really a life-and-death gamble, it's safest to confirm the trend before entering.
It's most annoying when funds are stuck at high levels, looking for other coins' rebound opportunities is often more reliable.
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SandwichHunter
· 01-18 17:57
Damn, this logic makes sense and is much better than pure gambling haha
But I think the key point is that BTC retracement, it's really easy to overlook. Coins like RIVER really drop hard
20x leverage is indeed crazy, I don't even touch it now
Looking at RIVER's recent movement, I want to discuss some trading details with everyone.
The key is not to think about precise bottom fishing. My suggestion is to wait until the 5-minute K-line breaks below the previous consolidation low (for example, 27.0). Then, when the price rebounds but does not break this low, consider entering a short position. This way, you can at least confirm the direction rather than guessing blindly.
The logic for reducing positions after entry is also very important. Once a 20% profit target is reached, close 50% of the position to lock in gains. Move the stop-loss of the remaining half to the cost basis, so you can continue to pursue larger downward movements while controlling risk. But there is a strict requirement—if the price breaks above 31.50 and then retests without breaking below, you must cut losses decisively, because this usually indicates funds are entering the next rally cycle.
Regarding time cost, for highly volatile assets like this, if it consolidates sideways for more than two hours without movement, my approach is to exit directly. It’s a waste of time and could be caught off guard by a sudden surge, which is not worth it.
On hedging strategies, if RIVER remains stagnant at high levels, your funds are essentially locked in. At this point, you can look at other assets, such as DASH or UNI, which have only risen 10%-15% and are just starting to move. Their potential for catching up is often more certain than RIVER’s retracement space. A different approach might yield more stable returns.
You also need to keep an eye on BTC’s movement, especially on the 15-minute chart. If BTC retraces, coins like RIVER that have surged too much are usually the first to fall, with declines twice as large as the market. This is a point often overlooked in routine operations.
Finally, about leverage. A 20x leverage has very low tolerance. If RIVER’s volatility becomes too intense, with 1-minute swings exceeding 2%, I recommend reducing leverage to 10x and widening the stop-loss range. This makes trading more stable and helps achieve daily profit targets without taking on excessively high risks.