Are RIVER holders fleeing overnight? Liquidation charts show: Over 10,000 noobs are trapped above $7.6, and Wan Ge says to run!
Born from despair, collapsing in frenzy! RIVER appears calm on the surface, but blood flows beneath—who's accumulating? Who's placing orders? Wan Ge is peeling back the layers!
1. Liquidation Chart Analysis
1-hour liquidation chart: The liquidation intensity for short positions near $7.2 is as high as $150 million; breaching this level could trigger a cascade of liquidations! Above $7.6, there's a buildup of tens of thousands of long positions poised for liquidation. The three major exchanges' commission ratio is -0.12%, indicating 'phantom orders'—a clear trap for the bulls. With just 3 hours left until settlement, the open interest has soared to $22.24 million; a market shift is imminent!
2. Wan Ge's Trading Suggestions
Shorts: If the 1-hour close is below $7.40, consider lightly entering a short position, targeting $7.20 → $7.00.
Longs: If it holds above $7.45 and breaks through $7.48 with volume, aim for a rebound to $7.60-$7.80; otherwise, stay put.
Spot: Place staggered buy orders at $7.20 to catch the bottom.
Leverage: The fee is 0.0121%, and a basis of 0.23% hints at selling pressure, avoid leverage above 5x!
3. Wan Ge's Perspective
MACD is showing a death cross formation, RSI is not yet oversold, indicating more room for downside. The main players are repeatedly harvesting at $7.40 using 'settlement + open interest' as leverage. A quick recovery is anticipated—this is a golden pit.
Don’t trade recklessly without a strategy! Brothers holding RIVER, quickly reach out to 'Wan Ge'! Don’t wait until liquidation to regret. Go hard, but don’t be reckless!
#RİVER #Predicting intensified market competition