$RIVER Dear Binance community friends:
River will first experience a slight pullback, followed by a strong rally to reach a new ATH (All-Time High). Let me explain the reasons and logic behind this.
Firstly, the current funding rate is -0.35. Whales (large funds) will deliberately increase some selling volume to create a gap between the spot price and the contract price.
At the same time, most traders, when they see a red K line, will choose to short due to FOMO (Fear of Missing Out). Subsequently, whales will take advantage of this market psychology to profit.
So my advice is: wait a little and be ready for short-term (scalp) trading.
When the market experiences a quick downward spike, you can enter long to profit from it.
For friends who already hold long positions, you need to adjust your stop-loss and hold until the market effectively breaks through the $40 level.
Remember: the stop-loss is a shield to protect your wallet. š”
Keep your positions light to relieve pressure on your mind.
Follow me for more trading advice, and always remember: DYOR (Do Your Own Research).$RIVER
