$RIVER : It is advisable to consider taking a long position at this time.
The initial two-hour period experienced a significant decline of approximately 20%. However, we are now witnessing a reversal, indicating a potential upward trend.
Should a drop occur, it is unlikely we would see such a reversal. Furthermore, the funding rate remains positive, suggesting strong buying power, even as many retail investors are opting for short positions.
This trend indicates that major players are accumulating substantial long positions, making it plausible for further upward movement, and there is a strong possibility of reaching new highs.
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