Lobster PLUNGES THROUGH KEY SUPPORT 📉⚠️
The $Lobster chart ripped through the 4‑hour order block near $0.291, flipping the bias into aggressive downside as volume surged past $220 M, a clear sign of institutional liquidation pressure. 😞 Momentum oscillators have dived into bearish territory, with RSI skirting the low‑20s and the MACD histogram widening negative, confirming accelerating sell pressure. 📉 The breach erased the previous bullish structure, turning yesterday’s rally into a steep correction.
Current price hugs the $0.17158 support zone, testing a fragile floor that has held only marginally since the high of $0.291. If the price slips below this micro‑support, the next structural low sits around $0.158, suggesting a broader breakdown rather than a healthy retracement. Conversely, a bounce back above $0.175 could re‑establish the mid‑range order block at $0.231, indicating a potential reversal of momentum. 🔄
Levels to monitor:
Watching support around $0.1715
Structure suggests resistance near $0.190
Mid range area: $0.231
DYOR
Follow for Updates
#龙虾 #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $Lobster chart ripped through the 4‑hour order block near $0.291, flipping the bias into aggressive downside as volume surged past $220 M, a clear sign of institutional liquidation pressure. 😞 Momentum oscillators have dived into bearish territory, with RSI skirting the low‑20s and the MACD histogram widening negative, confirming accelerating sell pressure. 📉 The breach erased the previous bullish structure, turning yesterday’s rally into a steep correction.
Current price hugs the $0.17158 support zone, testing a fragile floor that has held only marginally since the high of $0.291. If the price slips below this micro‑support, the next structural low sits around $0.158, suggesting a broader breakdown rather than a healthy retracement. Conversely, a bounce back above $0.175 could re‑establish the mid‑range order block at $0.231, indicating a potential reversal of momentum. 🔄
Levels to monitor:
Watching support around $0.1715
Structure suggests resistance near $0.190
Mid range area: $0.231
DYOR
Follow for Updates
#龙虾 #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare