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River reaching a new high is almost a certainty. For traders holding long positions, there are now two options: either take profits around 27 or set stop-loss orders below 25. Frankly, this trading strategy is quite sophisticated—before pushing prices up, they often pull back to sweep stop-loss and liquidation orders. The current market looks stagnant, seemingly calm, but in reality, it's just a trap to lure in short sellers.
This situation is indeed uncomfortable. Some ask, how can we make money in this market? My idea is: place long orders around 27 to catch the rebound; as long as you get in, it's basically a guaranteed profit. Another approach is to be patient—wait until River breaks through 50 or even hits 60 before considering opening short positions. But here’s a crucial reminder—never blindly short, as that’s where losses begin.
Here's a detail that explains the situation: the funding rate is settled every 4 hours and is negative, which precisely reflects the master traders' skillful manipulation. Their control over market rhythm and understanding of traders' psychology are truly impressive.