I just glanced at the chart for $龙虾 . Honestly, the trend looks like it might be “building a base,” but my palms are still a bit sweaty.
Many people ask me whether 0.15 is a good spot to bottom-fish? I didn’t answer directly—I just threw them this 15-minute candlestick chart.
👉 The typical “repair period after an A-shaped kill”: it fell from the high of 0.314 all the way down to 0.15, and the price was basically cut in half. Look at the past few days—the selloff has slowed, but the rebounds are extremely weak. Every time there’s a slightly red candle, it gets smashed down again. What does that mean? It means the trapped-seller supply above is as heavy as a mountain. The main players don’t want to spend money to free the people stuck up there; instead, they’re slowly grinding it down here, grinding away retail investors’ patience.
👉 The downtrend hasn’t changed: at 0.15, it seems like a bottom, but it’s actually precarious. The moving average system is still arranged bearishly. As long as it can’t strongly hold above 0.18, every rebound is just a bull trap.
This is the typical “grinding downward with no end”—the most lethal kind of market.
My strategy is very conservative:
❌ Don’t blindly bottom-fish: right now at 0.15 you’re catching a falling knife. Don’t think you’re smarter than the main players.
✅ Key levels:
Support (watch): 0.135-0.140. These are the low points of the earlier needle-like dips. If this level can’t be held, below it is an abyss.
Resistance (escape): 0.175-0.180. If the rebound hits this area and gets rejected, be decisive—get out. Don’t be greedy.
Stop loss: a breakdown below 0.130. If the trend turns bad, don’t fantasize—run!
Bottom line: “If the trend is wrong, your efforts are wasted.” When everyone thinks it’s already sunk enough and wants to bottom-fish, there’s often still a basement. Better to miss the so-called “rebound” than to be that unfortunate person buried at the foot of the mountain.
Many people ask me whether 0.15 is a good spot to bottom-fish? I didn’t answer directly—I just threw them this 15-minute candlestick chart.
👉 The typical “repair period after an A-shaped kill”: it fell from the high of 0.314 all the way down to 0.15, and the price was basically cut in half. Look at the past few days—the selloff has slowed, but the rebounds are extremely weak. Every time there’s a slightly red candle, it gets smashed down again. What does that mean? It means the trapped-seller supply above is as heavy as a mountain. The main players don’t want to spend money to free the people stuck up there; instead, they’re slowly grinding it down here, grinding away retail investors’ patience.
👉 The downtrend hasn’t changed: at 0.15, it seems like a bottom, but it’s actually precarious. The moving average system is still arranged bearishly. As long as it can’t strongly hold above 0.18, every rebound is just a bull trap.
This is the typical “grinding downward with no end”—the most lethal kind of market.
My strategy is very conservative:
❌ Don’t blindly bottom-fish: right now at 0.15 you’re catching a falling knife. Don’t think you’re smarter than the main players.
✅ Key levels:
Support (watch): 0.135-0.140. These are the low points of the earlier needle-like dips. If this level can’t be held, below it is an abyss.
Resistance (escape): 0.175-0.180. If the rebound hits this area and gets rejected, be decisive—get out. Don’t be greedy.
Stop loss: a breakdown below 0.130. If the trend turns bad, don’t fantasize—run!
Bottom line: “If the trend is wrong, your efforts are wasted.” When everyone thinks it’s already sunk enough and wants to bottom-fish, there’s often still a basement. Better to miss the so-called “rebound” than to be that unfortunate person buried at the foot of the mountain.
