$RIVER's short-selling trend is very clear, belonging to a typical 'pump and dump + unlocking selling pressure' resonance short-selling opportunity.
From a technical perspective, the price quickly fell after rising to 5.799, forming bearish patterns on both the 15-minute and 1-hour levels, with short-term moving averages (such as 15-minute MA7 and 1-hour MA7) having been effectively broken. The capital side can explain the issue better: the contract open interest surged significantly when the price dropped, and the long-short ratio of big players leans towards the bears in terms of both account numbers and open interest, with net selling volume continuously expanding. These are all direct signals of the main players unloading.
Adding to the negative news of today's token unlock (the unlock volume accounts for 1.85% of the maximum supply), the selling pressure will further intensify. For these small-cap speculative coins, once the funding support is lost, the downward momentum can be very fierce.
In terms of operation, one can directly lay out short positions near the current price, with stop-loss set above the recent high of 5.80 (such as 5.85), the first target looks to be around 4.5 (retesting key short-term support), and the second target can be seen below 4.0.
