$Lobster current price is about 0.0704; Gate perpetual 24h is about -19.2%. Daily high 0.089, daily low 0.0653, amplitude about 34%. Trading notional about 4.44 million U; funding rate about +0.029% (longs pay shorts). BTC about 83568 (-0.9%), ETH about 2691 (+0.2%). The broader market hasn’t given a rebound slope yet.
Don’t shout “since it’s dropped this deep, you should buy the dip.” The price is still selling off near the daily low, while the funding rate is still long paying—when crowded longs meet spot sell pressure, any rebound is first a way to give shorts an exit window. Don’t treat it as a bottom signal.
Trading conclusion: Don’t buy the dip. Direction is still biased to short/weak continuation. Use 3–5x leverage. Set stop-loss on a rebound band around above 0.078. Take profit looking at 0.066–0.063 on a break of the daily low for continuation. Position size should not exceed 5% of total capital. If you want to go long, wait for above 0.066 with volume and stability. If it breaks below the daily low at 0.065, cut it and leave immediately.
Don’t shout “since it’s dropped this deep, you should buy the dip.” The price is still selling off near the daily low, while the funding rate is still long paying—when crowded longs meet spot sell pressure, any rebound is first a way to give shorts an exit window. Don’t treat it as a bottom signal.
Trading conclusion: Don’t buy the dip. Direction is still biased to short/weak continuation. Use 3–5x leverage. Set stop-loss on a rebound band around above 0.078. Take profit looking at 0.066–0.063 on a break of the daily low for continuation. Position size should not exceed 5% of total capital. If you want to go long, wait for above 0.066 with volume and stability. If it breaks below the daily low at 0.065, cut it and leave immediately.