$龙虾
There isn’t really any major positive or negative news in the community. The main reason is that yesterday KuCoin just listed spot + futures, and today it directly FOMOed. The market cap quickly surged to around 60 million, and the hype is basically being propped up by the exchange (and by Chinese meme narratives).
After grinding sideways from just above 0.03, suddenly a single big bullish candle with strong volume broke out. After that, there was almost no meaningful pullback—price just kept pushing up to 0.0655. From the 24-hour low, it flipped up by nearly 100%.
During the rally, the trading volume clearly expanded. On the pullback, although there were several bearish candles and the swing amplitude reached over 7%, the overall structure hasn’t broken. The high at 0.0655 and the current level around 0.0595 are still within an ascending channel.
In the short term, overbought conditions dissipating normally. Volume hasn’t crashed, and the bulls haven’t finished yet.
Personal plan: go long, and wait for the pullback into the 0.054–0.056 area to enter.
Stop loss: 0.047.
Take profit: first target at 0.072. If it breaks through, then reassess for 0.085.
Key levels to watch: support at 0.055 and 0.050. Resistance is the previous high at 0.0655 and 0.070.
If it breaks below 0.050 on heavy volume, withdraw first—don’t stubbornly hold on.
There isn’t really any major positive or negative news in the community. The main reason is that yesterday KuCoin just listed spot + futures, and today it directly FOMOed. The market cap quickly surged to around 60 million, and the hype is basically being propped up by the exchange (and by Chinese meme narratives).
After grinding sideways from just above 0.03, suddenly a single big bullish candle with strong volume broke out. After that, there was almost no meaningful pullback—price just kept pushing up to 0.0655. From the 24-hour low, it flipped up by nearly 100%.
During the rally, the trading volume clearly expanded. On the pullback, although there were several bearish candles and the swing amplitude reached over 7%, the overall structure hasn’t broken. The high at 0.0655 and the current level around 0.0595 are still within an ascending channel.
In the short term, overbought conditions dissipating normally. Volume hasn’t crashed, and the bulls haven’t finished yet.
Personal plan: go long, and wait for the pullback into the 0.054–0.056 area to enter.
Stop loss: 0.047.
Take profit: first target at 0.072. If it breaks through, then reassess for 0.085.
Key levels to watch: support at 0.055 and 0.050. Resistance is the previous high at 0.0655 and 0.070.
If it breaks below 0.050 on heavy volume, withdraw first—don’t stubbornly hold on.