Traders trying to buy at $RIVER are now holding onto a diving knife heading toward strong resistances!
While retail traders attempt to chase this temporary rebound of +19.61%, 87 whales out of the short-selling whales control trades worth $1.57 million with a winning success rate of 54.02% and unrealized profits exceeding +179.6K dollars (+179,651.60 USDT) from higher entry prices (3.3093 USDT). In contrast, 35 whales are fully underwater in long positions—bleeding -$285.8K dollars (-285,884.65 USDT) as losses with a very high average entry above the current price level at 5.2941 USDT and a low profitability rate of 37.14%. As the buy-to-sell ratio collapses to 23.23%, smart money clusters heavily on the sell side to crush any temporary rebound. I position myself directly with the winning short whales to trade the continuation of the downtrend.
My personal trading plan:
• Entry point: 2.9500 - 3.0200
• Take-profit targets: 2.5000 / 2.1000
• Stop-loss: 3.3500
Beware of trying to buy the rebound while the short whales control the market with more than 76% of the weight of the positions, causing the trapped long trades above to bleed out.
While retail traders attempt to chase this temporary rebound of +19.61%, 87 whales out of the short-selling whales control trades worth $1.57 million with a winning success rate of 54.02% and unrealized profits exceeding +179.6K dollars (+179,651.60 USDT) from higher entry prices (3.3093 USDT). In contrast, 35 whales are fully underwater in long positions—bleeding -$285.8K dollars (-285,884.65 USDT) as losses with a very high average entry above the current price level at 5.2941 USDT and a low profitability rate of 37.14%. As the buy-to-sell ratio collapses to 23.23%, smart money clusters heavily on the sell side to crush any temporary rebound. I position myself directly with the winning short whales to trade the continuation of the downtrend.
My personal trading plan:
• Entry point: 2.9500 - 3.0200
• Take-profit targets: 2.5000 / 2.1000
• Stop-loss: 3.3500
Beware of trying to buy the rebound while the short whales control the market with more than 76% of the weight of the positions, causing the trapped long trades above to bleed out.