$Lobster: This 4-hour candle surged 21% on increased volume, with trading value at $278 million. After the price hit 0.23608, it was pushed back to 0.21362. The upper wick accounts for one-third of the gain.
Volume rising but the rally stalling—those who chased should cool off for now. Only if the next candle closes above 0.23608 can it be considered a real breakout; otherwise, it’s distribution at a high level. Set the stop-loss at 0.162306, the low of this initiating bullish candle. If it breaks, the rebound thesis is gone. First, watch whether 0.2050 can hold. If it holds, there may be another push higher.
This upper wick is the touchstone: hold it and it’s a shakeout; fail to hold it and it’s the top.
#Lobster
Volume rising but the rally stalling—those who chased should cool off for now. Only if the next candle closes above 0.23608 can it be considered a real breakout; otherwise, it’s distribution at a high level. Set the stop-loss at 0.162306, the low of this initiating bullish candle. If it breaks, the rebound thesis is gone. First, watch whether 0.2050 can hold. If it holds, there may be another push higher.
This upper wick is the touchstone: hold it and it’s a shakeout; fail to hold it and it’s the top.
#Lobster