Be cautious when shorting RIVER. There are three main reasons.
First, look at the market data. The spot has already hit the target range, but the futures are only a little over 16 oil, with a clear price difference. What's more painful is that the fee rate is at -1, and there are a lot of short positions piling up below. In this situation, the market makers can easily push up the futures to trigger these shorts, and you can be wiped out with a slight mistake.
Second, the technical analysis also doesn't support a decline. Various technical indicators do not show a clear downward trend; this coin's movement is very strange. If you really want to short, the chances of losing money far outweigh the chances of making money. Even if it's just short-term volatility, the fee costs are eating into your profits every day.
The most practical advice is this: wait and watch when the market makers push up the futures and clear out that batch of shorts, then look for an opportunity to short. It's not too late. Don't rush in now. Not making a profit is fine, and not losing is also a win. Just stay steady.
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Hash_Bandit
· 01-06 00:21
ngl the spread situation here screams trap setup... seen this play a thousand times back in the day. funding at -1 with shorts stacked to the ceiling? that's literally asking to get liquidated lol. miners used to say "don't fight the difficulty adjustment" and this feels exactly like that—wait for the washout, then make your move. patience wins narratives, not FOMO.
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LayoffMiner
· 01-05 13:24
Damn, with this price difference, the big players have already sharpened their knives.
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There are so many short positions stacked below; isn't this just bait? I would only believe it if I go long now.
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Still daring to short at -1 fee? Every day is just giving away money, it's not interesting.
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The strange trend is the most annoying. If the technicals don't cooperate, just be honest and don't move. Saving your life is the most important.
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Waiting for the big players to push up and clear out the shorts is a brilliant idea, but who the hell can accurately time the entry?
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The spot has already hit the target, but the contract is only at this price level. It feels very risky. Let's wait and see.
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SolidityNewbie
· 01-03 06:17
So many short positions are accumulated; a pump leading to liquidation is inevitable. Still, we have to wait for the big players to make a move first.
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gas_fee_therapist
· 01-03 02:08
Such a large accumulation of short positions, the market makers' hands are itching. Forcing a short at this time is really asking for death, just like daily bloodsucking fees.
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hodl_therapist
· 01-03 00:44
The short positions are accumulating so dramatically; once the big players get itchy fingers, it's over. Let's just wait and see.
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FreeRider
· 01-03 00:35
With such a large spread, do you still dare to short? I think it's just because you find liquidation not exciting enough. Let's wait and see how the whales harvest. Right now, it's just giving away.
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0xSherlock
· 01-03 00:33
Damn, with this spread in spot contracts, how dare the short positions pile up so aggressively to buy the dip? The market maker is just waiting and smiling.
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Andriad99
· 01-03 00:30
No sports available.
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NFTRegretter
· 01-03 00:24
With so many short positions accumulated, a pump and liquidation could happen in minutes. I dare not touch it anymore.
Be cautious when shorting RIVER. There are three main reasons.
First, look at the market data. The spot has already hit the target range, but the futures are only a little over 16 oil, with a clear price difference. What's more painful is that the fee rate is at -1, and there are a lot of short positions piling up below. In this situation, the market makers can easily push up the futures to trigger these shorts, and you can be wiped out with a slight mistake.
Second, the technical analysis also doesn't support a decline. Various technical indicators do not show a clear downward trend; this coin's movement is very strange. If you really want to short, the chances of losing money far outweigh the chances of making money. Even if it's just short-term volatility, the fee costs are eating into your profits every day.
The most practical advice is this: wait and watch when the market makers push up the futures and clear out that batch of shorts, then look for an opportunity to short. It's not too late. Don't rush in now. Not making a profit is fine, and not losing is also a win. Just stay steady.