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Yesterday, the $RIVER trend is worth reviewing. Looking back at the K-line prices corresponding to the time, it’s not hard to see that the recent wave in 23 is clearly the behavior of a large trader—repeated washout actions can be identified from the patterns.
Today’s decline provided an opportunity for short sellers. Friends considering shorting at the bottom might want to consider it; a drop below 10 is entirely possible. However, be mindful of the fee costs, as they can eat into a significant portion of the profits.
From the rhythm of $RIVER, the trader’s tactics can still be observed. Price fluctuations, washout timing, capital inflows and outflows—these details all reveal the institution’s intentions. The market is like this; learning to recognize these signals will make trading more confident.