These are the two coins I was tracking yesterday, but I wasn’t confident enough to share their setups.
I was actually close to publishing a setup on $PTB last night, but I ended up trashing the post.
Looking at the move now, that would have been the best trade of the week so far.
But this is also the reality with low liquidity assets. Sometimes, you can read the chart correctly and still get proven wrong because the market makers control the float.
Recent moves like these also make you more cautious when dealing with such assets. But that caution can sometimes mean you miss a good opportunity.
Still, I’d rather miss a trade than chase one and end up hurting my account.
Looking at $LOBSTER, the correction may not be over yet. If the $0.170 - $0.180 support zone fails under selling pressure, the next area I’d be watching is the $0.130 - $0.145 demand region. Invalidation: $0.188.
If price moves up from current levels instead, I’ll be watching how it reacts around $0.210 - $0.225. If it gets there without strong buying volume and starts showing signs of rejection, I’d be looking for a short setup from that zone.
I was actually close to publishing a setup on $PTB last night, but I ended up trashing the post.
Looking at the move now, that would have been the best trade of the week so far.
But this is also the reality with low liquidity assets. Sometimes, you can read the chart correctly and still get proven wrong because the market makers control the float.
Recent moves like these also make you more cautious when dealing with such assets. But that caution can sometimes mean you miss a good opportunity.
Still, I’d rather miss a trade than chase one and end up hurting my account.
Looking at $LOBSTER, the correction may not be over yet. If the $0.170 - $0.180 support zone fails under selling pressure, the next area I’d be watching is the $0.130 - $0.145 demand region. Invalidation: $0.188.
If price moves up from current levels instead, I’ll be watching how it reacts around $0.210 - $0.225. If it gets there without strong buying volume and starts showing signs of rejection, I’d be looking for a short setup from that zone.
