$龙虾
This wave is too intense—straight from around 0.06 all the way up to 0.14. Now it has pulled back to hover around 0.123. I’ve already stopped out two shorts.
Now price is ranging in the 0.118-0.128 area, and the volume/energy is clearly weaker than during the surge.
After the big bullish candle at the 0.142 high, consecutive upper wicks appeared, and it feels like the bulls are a bit exhausted. In the short term, it looks like distribution after a push higher.
My personal plan: short
Entry: wait for a rebound to the 0.128-0.130 area, then short
Stop loss: 0.145
Take profit: first target 0.105, second target 0.088-0.090.
Don’t take too large of a position. Meme moves are wild—keep an eye on volume. If it breaks down below 0.118 on increased volume, you can add to the short.
Meme can change its mind anytime—manage your risk yourself.
This wave is too intense—straight from around 0.06 all the way up to 0.14. Now it has pulled back to hover around 0.123. I’ve already stopped out two shorts.
Now price is ranging in the 0.118-0.128 area, and the volume/energy is clearly weaker than during the surge.
After the big bullish candle at the 0.142 high, consecutive upper wicks appeared, and it feels like the bulls are a bit exhausted. In the short term, it looks like distribution after a push higher.
My personal plan: short
Entry: wait for a rebound to the 0.128-0.130 area, then short
Stop loss: 0.145
Take profit: first target 0.105, second target 0.088-0.090.
Don’t take too large of a position. Meme moves are wild—keep an eye on volume. If it breaks down below 0.118 on increased volume, you can add to the short.
Meme can change its mind anytime—manage your risk yourself.