$龙虾
🔥🔥🔥Brothers, you may consider placing one more order!
After this streak of continuous sharp drops, it has clearly entered an oversold zone—the shorts have been released about enough.
On the 4H chart, price is currently running close to the lower band, but the key support has not been effectively broken yet.
As long as this level holds, there is a strong expectation of a short-term rebound.
Also, the large holders’ funds have not shown any obvious shift to being bearish; short covering may further push the price up.
So this is not a good spot to chase shorts—instead, you can wait for a pullback to go long.
First, watch the moving-average resistance from the prior period above; after a breakout, then look for higher levels.
Of course, a “lobster” like this Meme wave has extremely high volatility, and the on-chain funds aren’t that strong either.
My logic is very simple: go long if support doesn’t break; if support breaks, then pull out!
Brothers, play it with a light position—don’t get carried away!
$BTC #龙虾
🔥🔥🔥Brothers, you may consider placing one more order!
After this streak of continuous sharp drops, it has clearly entered an oversold zone—the shorts have been released about enough.
On the 4H chart, price is currently running close to the lower band, but the key support has not been effectively broken yet.
As long as this level holds, there is a strong expectation of a short-term rebound.
Also, the large holders’ funds have not shown any obvious shift to being bearish; short covering may further push the price up.
So this is not a good spot to chase shorts—instead, you can wait for a pullback to go long.
First, watch the moving-average resistance from the prior period above; after a breakout, then look for higher levels.
Of course, a “lobster” like this Meme wave has extremely high volatility, and the on-chain funds aren’t that strong either.
My logic is very simple: go long if support doesn’t break; if support breaks, then pull out!
Brothers, play it with a light position—don’t get carried away!
$BTC #龙虾
