Unknowingly $RIVER has stood at 20 again. Looking at the OI data, it has quickly accumulated to nearly 50M in volume, proving to be one of the most popular tokens in the altcoin space.

The increase in OI indicates that funds are coming in rapidly, and the positive funding rate suggests that bullish sentiment is warming up, with the trend strengthening. Although the long-short ratio is decreasing and the divergence is widening, it fits the current mindset where everyone is both skeptical about whether the market is improving and unable to resist trying a few trades.

This type of market behavior is most commonly characterized not by an immediate end, but by a process of pulling up and shaking out, shaking out while pulling up.

I haven’t opened a position in a long time, so I took a small long position and will wait for a pullback to consider adding to my position. Setting a stop loss at 18 to get a feel for it.