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$RIVER #Gate广场四月发帖挑战 Evening Report: Stop watching the scenery from the mountaintop; everyone listening to my thoughts has already made a fortune!
The market is never short of bullish enthusiasm, but it always hides easy-to-miss signs of distribution.
After the RIVER price surged to a high level, it experienced intense volatility. The back-and-forth movement looked just like a carefully choreographed performance. Major funds had already exited before the close, leaving only the chasing longs at the top to bear the market sentiment. Many still expect a new rally, but they haven't seen the institution have already placed over two million in sell orders, directly sealing the upside potential at the current level.
Fuxing's advice: Entering short positions at the current level is a clear choice. Set your stop-loss at 12.081 to protect your capital. Don't use your hard-earned money to fuel the main players' profits. Take profits in stages at 11.431, 11.025, and 10.457. This round of bearish setup is clear—it's all about harvesting precisely as the market frenzy peaks.
Keep up with this correction rhythm. Don't wait until the price breaks support and realize you're the last one holding the bag.