$龙虾 Lobster: Up 120% in 24 Hours—Has Chinese Meme Completely Gone Mad Today?
The lobster is exploding today.
I just took another look at the latest data on Binance: the Lobster USDT perpetual is around 0.085 USDT, and the 24-hour increase has already exceeded 120%.
This coin is itself a Chinese Meme on the BNB Chain. Binance listed the Lobster USDT perpetual contract back in March this year, with up to 5x leverage.
What’s really worth watching today isn’t that the project suddenly announced some massive piece of good news, but this:
Money is going crazy into Chinese Memes.
And right now the lobster has very strong short-term momentum. In the latest hour, the price even touched around 0.087, clearly holding above the short-term moving averages.
In terms of trading, I’m mainly watching three levels:
0.078–0.080: The first short-term support.
If it can hold after a pullback following the surge, it means the bulls are still strong.
0.087–0.090: The key pressure right in front of us.
Now it has already reached this zone. Only a real breakout with increased volume above 0.09 could open up the next leg.
0.070–0.072: An important defense zone.
If later it drops back into here again, it would show that the surge-driven sentiment is starting to noticeably cool off.
So my view is very simple:
The lobster is an absolute-strong coin right now, but after a 120% jump in a day, it’s no longer a comfortable chase-long entry.
It’s better to wait for a pullback to be bought/absorbed, or wait until 0.09 truly breaks through before considering.
How long can this Chinese Meme run wild? The lobster might be the most worth watching one today.
This is Coin Circle Bull Niu. There are plenty of good coins—let’s keep looking down the list.
The lobster is exploding today.
I just took another look at the latest data on Binance: the Lobster USDT perpetual is around 0.085 USDT, and the 24-hour increase has already exceeded 120%.
This coin is itself a Chinese Meme on the BNB Chain. Binance listed the Lobster USDT perpetual contract back in March this year, with up to 5x leverage.
What’s really worth watching today isn’t that the project suddenly announced some massive piece of good news, but this:
Money is going crazy into Chinese Memes.
And right now the lobster has very strong short-term momentum. In the latest hour, the price even touched around 0.087, clearly holding above the short-term moving averages.
In terms of trading, I’m mainly watching three levels:
0.078–0.080: The first short-term support.
If it can hold after a pullback following the surge, it means the bulls are still strong.
0.087–0.090: The key pressure right in front of us.
Now it has already reached this zone. Only a real breakout with increased volume above 0.09 could open up the next leg.
0.070–0.072: An important defense zone.
If later it drops back into here again, it would show that the surge-driven sentiment is starting to noticeably cool off.
So my view is very simple:
The lobster is an absolute-strong coin right now, but after a 120% jump in a day, it’s no longer a comfortable chase-long entry.
It’s better to wait for a pullback to be bought/absorbed, or wait until 0.09 truly breaks through before considering.
How long can this Chinese Meme run wild? The lobster might be the most worth watching one today.
This is Coin Circle Bull Niu. There are plenty of good coins—let’s keep looking down the list.