$Lobster: in 24 hours it dropped 23.5%—from 0.17 it kept sliding down to 0.113. Turnover 161M—volume expanding while it drifts lower. This volume–price setup isn’t a shakeout; someone really is distributing.
I checked the orders: around 0.113 there’s a thin buy wall piled up, it looks like support, but it’s not thick enough—one big bearish candle could pierce it. If you really want to see the down move stop, you need to watch whether the whole-number level at 0.10 can hold. That’s the densely concentrated prior position area.
My trading take: don’t rush in. At 0.1228 it’s neither up nor down—sideways. If it rebounds to 0.135–0.14, that’s a chance to reduce exposure, not an entry point. If you want to go long, wait and accumulate in batches in the 0.10–0.105 zone, and set your stop-loss below 0.095. If it breaks, the trend accelerates—don’t hold on.
For shorting, be careful instead. This drawdown has already priced in a lot of panic selling; chasing shorts can easily end up getting slapped.
Of course, maybe I’m overthinking it—maybe the big player is just waiting for me to draw the line so they can pull in the opposite direction… $Lobster This board is small; anyone could be part of the script.
I checked the orders: around 0.113 there’s a thin buy wall piled up, it looks like support, but it’s not thick enough—one big bearish candle could pierce it. If you really want to see the down move stop, you need to watch whether the whole-number level at 0.10 can hold. That’s the densely concentrated prior position area.
My trading take: don’t rush in. At 0.1228 it’s neither up nor down—sideways. If it rebounds to 0.135–0.14, that’s a chance to reduce exposure, not an entry point. If you want to go long, wait and accumulate in batches in the 0.10–0.105 zone, and set your stop-loss below 0.095. If it breaks, the trend accelerates—don’t hold on.
For shorting, be careful instead. This drawdown has already priced in a lot of panic selling; chasing shorts can easily end up getting slapped.
Of course, maybe I’m overthinking it—maybe the big player is just waiting for me to draw the line so they can pull in the opposite direction… $Lobster This board is small; anyone could be part of the script.
