From 0.0481 to 0.0351, the lobster today followed a very typical "pump-and-retrace" route.
The 24-hour performance is still showing +38%, but if you bought at the very highest point, you’re already down by nearly 27%. That’s why just looking at the gainers ranking can be a trap.
Take a look at the candlestick chart: there have been three consecutive bearish hourly candles in a row, and each one continues to move lower. This indicates that profit-taking sell orders from the high are still ongoing, and the buy side hasn’t been able to catch up for now.
What’s even more worth noting is the long/short ratio—longs are 48% and shorts are 52%, with shorts slightly in the lead. After the market has just experienced a big surge, this kind of structure usually means the market is "rising while disagreeing," and whether the follow-through momentum can continue is something to question.
The funding rate is 0.08%, a bit on the high side but not extreme. It suggests leveraged longs are present, but not to the point of being crazily overcrowded.
Trading volume today has already exceeded $160 million. Liquidity isn’t bad—it's just that the direction hasn’t settled.
Right now the price is around 0.035. There’s still a fair distance from today’s low at 0.025, but the pullback from the day’s high is already quite clear.
If the bearish candles continue, you’ll need to watch whether the 0.034 level can hold—it's the low area indicated by the lower wicks of the last two or so candles.
$Lobster #冲高回落 #38% price increase
Click the small card below to quickly check the market 👇
The 24-hour performance is still showing +38%, but if you bought at the very highest point, you’re already down by nearly 27%. That’s why just looking at the gainers ranking can be a trap.
Take a look at the candlestick chart: there have been three consecutive bearish hourly candles in a row, and each one continues to move lower. This indicates that profit-taking sell orders from the high are still ongoing, and the buy side hasn’t been able to catch up for now.
What’s even more worth noting is the long/short ratio—longs are 48% and shorts are 52%, with shorts slightly in the lead. After the market has just experienced a big surge, this kind of structure usually means the market is "rising while disagreeing," and whether the follow-through momentum can continue is something to question.
The funding rate is 0.08%, a bit on the high side but not extreme. It suggests leveraged longs are present, but not to the point of being crazily overcrowded.
Trading volume today has already exceeded $160 million. Liquidity isn’t bad—it's just that the direction hasn’t settled.
Right now the price is around 0.035. There’s still a fair distance from today’s low at 0.025, but the pullback from the day’s high is already quite clear.
If the bearish candles continue, you’ll need to watch whether the 0.034 level can hold—it's the low area indicated by the lower wicks of the last two or so candles.
$Lobster #冲高回落 #38% price increase
Click the small card below to quickly check the market 👇
