#内容挖矿焕新公测开启

River contract surged up to 88.88, is this the market maker's farewell or a phase of shakeout?
Recently, the hottest topic in the market is undoubtedly RIVER's 50-fold surge. Yesterday, RIVER continued to rise strongly, but just as the bulls placed take-profit orders at $100 amid the heated atmosphere, the upward trend of RIVER was abruptly halted at 88.88 yuan, then turned downward, dropping nearly 30% today to a price of $59.4. So the question is, is the high point of 88.88 yuan a market maker's high-profile announcement of departure, or is it a deliberate shakeout? We can only speculate based on some information from the market:
1. Trading Volume:
In this round of RIVER's rise, the trading volume has not effectively increased, whether on the 4-hour or daily chart, the signs of main force closing positions are not obvious.
2. Technical Indicators:
In this round of rise, on the 4-hour chart, the Ma60 moving average provides effective support, and on the daily chart, the 10-day moving average is also a strong support. Before these two key levels are broken, the trend cannot be confirmed to have ended.
Therefore, based on the above two points, Little God believes that RIVER is likely to have higher points in the future. So how should we operate?
1. Short-term trading: primarily shorting. Whether it's a shakeout or the market maker has already left, a short-term decline is highly probable. Why not take advantage of the trend to short and accumulate some capital? Set stop-loss above 62 yuan, and take profit at $40+.
2. Bottom-fishing: Looking back at the previous two corrections on the daily chart, both stabilized near the 10-day moving average. This time, you can try to wait and see, attempting to bottom-fish below the $50 mark on the 10-day moving average. Set stop-loss below $40, and the take-profit depends on your outlook for the future market!
What do you think about the high point of $88.88 for RIVER? Feel free to leave a comment or participate in the poll below. Wishing everyone daily prosperity!