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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.