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Regarding the future of RIVER, I have referenced the trend patterns of similar cryptocurrencies. Currently, there are indeed opportunities for shorting, but timing is crucial. My plan is to place short orders in batches within the $35-40 range. Instead of operating blindly, it's better to wait and see how the situation develops.
Recently, I discovered a problem: the platform's management of such cryptocurrencies is relatively lenient, and fee policies are adjusted arbitrarily. Especially those with a fee of -2% per hour, which no trader can withstand. Once caught in such a position, it can lead to significant losses in minutes.
Therefore, my advice is: be very cautious before shorting. Instead of rushing to make quick profits and becoming a liquidity provider for the market makers, stick to your strategy—set proper stop-losses. Missing an opportunity is better than getting liquidated. $35-40 is my targeted sniping zone; only consider entering below this price.