You look at the green floating in your account—are you also thinking, “Is this round of sell-off a shakeout, or is it really an exit?
$Lobster This line closed very sharply: in 24 hours it dropped 19.47% straight down, with a low that touched 0.09523, then it got pulled back to around 0.1046. It hasn’t been easy for the bulls this round. 0.09523 is the absolute low of this sell-off—before it breaks, you can still tell the “shakeout” story; once it breaks, you have to start over from scratch. Trading volume is 107 million, not a small figure, which suggests panic selling really did show up—it’s not the kind of slow bleed from low volume.
Key numbers are posted on the wall: hold the stop-loss at 0.09523—if it breaks, don’t keep holding it; first see whether it can reclaim 0.11500. Only once it reclaims that can it count as a sell-off-stabilization signal. The resistance level is at 0.
#Lobster
$Lobster This line closed very sharply: in 24 hours it dropped 19.47% straight down, with a low that touched 0.09523, then it got pulled back to around 0.1046. It hasn’t been easy for the bulls this round. 0.09523 is the absolute low of this sell-off—before it breaks, you can still tell the “shakeout” story; once it breaks, you have to start over from scratch. Trading volume is 107 million, not a small figure, which suggests panic selling really did show up—it’s not the kind of slow bleed from low volume.
Key numbers are posted on the wall: hold the stop-loss at 0.09523—if it breaks, don’t keep holding it; first see whether it can reclaim 0.11500. Only once it reclaims that can it count as a sell-off-stabilization signal. The resistance level is at 0.
#Lobster