$RIVER completed a double top breakout at 1 AM, followed by a strong surge of over 50%. Many retail investors saw the double top pattern yesterday afternoon and were scared and wanted to sell, only to be slapped in the face when the price reversed.
The market maker's tactics for this coin are indeed effective—just a slight increase in volume at high levels immediately triggers a pullback. The recent two days' pullback has maintained between 25 to 40 points, causing those heavily leveraged and holding large positions to be wiped out. The trend is very rhythmic, and the intention to control the market is obvious.
On-chain funds have been continuously flowing in, indicating that the main players still intend to push higher. In such a strong market, shorting is essentially suicidal. Currently, you can consider a light long position, placing the stop-loss below the recent low of 11.0, with the target set for a new high. As for when to exit, that depends on your own judgment based on the market rhythm.
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GweiWatcher
· 01-04 10:21
It's the same old trick again—run as soon as a double top breaks, only to get pressed to the ground and rubbed in the dirt. Haha
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ThreeHornBlasts
· 01-03 23:52
Those who were calling for a bear market yesterday are now backing down. This is the crypto world.
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DiamondHands
· 01-03 10:52
Got cut again, I saw a double top yesterday and immediately sold, but today it shot up 50% directly. Truly amazing.
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DEXRobinHood
· 01-03 10:46
It's the same trick again, a high-volume pullback to clear leverage, too obvious.
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MEVVictimAlliance
· 01-03 10:44
Double top breakout then pulls up 50%, retail investors really should learn to read candlesticks.
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rugdoc.eth
· 01-03 10:38
The group of people who got scared off yesterday must be regretting it to death today, haha.
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MoodFollowsPrice
· 01-03 10:37
Another show of cutting leeks, this counterattack really took the cake.
$RIVER completed a double top breakout at 1 AM, followed by a strong surge of over 50%. Many retail investors saw the double top pattern yesterday afternoon and were scared and wanted to sell, only to be slapped in the face when the price reversed.
The market maker's tactics for this coin are indeed effective—just a slight increase in volume at high levels immediately triggers a pullback. The recent two days' pullback has maintained between 25 to 40 points, causing those heavily leveraged and holding large positions to be wiped out. The trend is very rhythmic, and the intention to control the market is obvious.
On-chain funds have been continuously flowing in, indicating that the main players still intend to push higher. In such a strong market, shorting is essentially suicidal. Currently, you can consider a light long position, placing the stop-loss below the recent low of 11.0, with the target set for a new high. As for when to exit, that depends on your own judgment based on the market rhythm.