📊 Evening Report: $RIVER , should we go long or short next? 🧠
Currently, the general direction is slightly bearish, prioritizing short positions. The current trend resembles 'continuous declines' with occasional rebounds, and with ongoing outflows of on-chain funds, it is highly likely to continue a downward trend.
Fuxing suggests: After finding a suitable entry point, enter short positions, as the current cost-performance ratio for short positions is significantly higher than for long positions.
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