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Gate ELSA Futures Trading Challenge is Now Live!
Share a 200,000 USDT Prize Pool
💰 Get 20 USDT for your first futures trade
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join now: https://www.gate.com/campaigns/3911
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【$RIVER Signal】Short + Volume Breakout
$RIVER Forms a breakout pattern after a volume-driven decline, with high open interest suggesting that longs are being liquidated, rather than a simple healthy correction.
🎯Direction: Short (Short)
🎯Entry: 39.5 - 40.5
🛑Stop Loss: 43.0 (Rigid Stop Loss)
🚀Target 1: 35.0
🚀Target 2: 30.0
$RIVER Daily decline exceeds 32%, accompanied by massive volume and high open interest, typical of a long liquidation-driven drop. Price action shows no solid buying support below, with each rebound quickly absorbed. The current level is a continuation of the decline, and market sentiment has shifted to panic selling, making rebounds an opportunity to short.
Trade 👇 $RIVER
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