$RIVER ‌ Sigh, another breakdown. Yesterday it was hovering around 11.6, today it dropped straight to 10.68, with a low of 10.52. The big players hammered it hard, with over $720k in long positions wiped out—all bloodied chips.

Look at those big accounts, their short positions are floating with over $720k in unrealized profit, with a 95% profit ratio, making their hands weak from earning so much. In the past half hour, they've sold off 324K, still pushing it down—trying to force the bulls to the brink.
Currently, the price is at 10.68, with liquidation walls at 10.25 and 9.43 below. The big players haven't closed their short positions yet, likely aiming to probe further down and sweep out the long stop-loss orders around 10.5.
Trading strategy:
1. Short positions: wait for a rebound to lightly short, but be cautious of a rebound slap.
2. Long positions: wait until around 10.3, then try a small long if it reaches there.
3. Conservative traders: keep watching. Entering now means getting beaten.
Remember: Don’t chase shorts below 10.5, trade small positions, set stop-losses properly, and don’t get caught up in the hype. #Gate广场四月发帖挑战