$RIVER Is the short position about to run? Don't rush to bottom fish!
Recently, the RIVER's operators are aggressively closing their short positions, with a net purchase of 1.2M in half an hour, and the buying volume is obviously increasing. The price has pulled back from 12.7 to 13.6, and the previously floating profit has dropped from 99% to 80%. It is evident that the main force is eager to take profits.
Now, the long-short ratio has returned to a half-open state, with short positions still at 11M, double that of long positions, but the main force has already started to quietly buy more. The support at 11.41 is still there; based on the current floating profits and the market situation, they are more inclined to close positions and leave, and will not push down further.
Next, it is highly likely to oscillate and rebound, and the main force will gradually reduce short positions. In the short term, 11.4 is a strong support and generally will not be easily touched; only in extreme situations will it drop to around 10.5.
Those holding short positions can exit first; don't cling to the battle. Those wanting to bottom fish shouldn't rush either; wait until the main force's net purchases continue to increase and short positions drop below 8M before taking action. Entering now can easily lead to being shaken out.
The real opportunity is still ahead; wait for the signal to come out, and we will steadily enter the market to take profits.