$RIVER ‌#Gate广场四月发帖挑战 Ah, this market maker is really a master of dragging things out.

Today, it's hovering around 11 dollars again, neither up nor down, with trading volume like an old lady crossing the street—slow and steady. Large investors still hold 17.7 million short positions, with a cost basis of 13.16. Now at 11 dollars, with an unrealized profit of 3.45 million, still making a decent profit, but no big moves.
Currently, the price is at 11.0, and trading volume has shrunk significantly, indicating no one is playing anymore. The market maker is also too lazy to move, just grinding within the 10.8-11.2 range, waiting for the retail traders to lose patience.
Most likely, it will continue to grind until the end of time. 10.5 is a strong support, and 11.5 is a resistance level. The market maker is now in a "I don’t move, you move" stance.
Trading strategy:
1. Short position: Wait until 11.3-11.5 to short, with a stop loss at 11.8, targeting 10.7-10.9. No point shorting at 11.0 now; wait for a rebound to short again.
2. Long position: Lightly go long at 10.6-10.8, with a stop loss at 10.3, targeting 11.2-11.4. When it hits, just run—don’t be greedy.
3. Conservative: Keep watching the show. This market is just being ground down, wasting time and energy. Wait until the price breaks above 11.5 or drops below 10.5 before taking action.
Remember: 11 dollars is a psychological barrier. With no volume on either side, don’t mess around. Small positions to test the waters are fine; heavy positions will only cause you trouble.