$龙虾 This drop is down to 0.032—can 0.03 still hold?
Has this move already dropped to the point of having no more fight left?
I looked at the order book and it really feels like it.
Purely fund-driven selling is what's hammering it. Current price is 0.032086; it’s down another 28% over the past 24 hours, and down more than 75% over the past seven days.
On the 15-minute timeframe, the short-term move has already pushed into oversold, but the rebound has no volume—it's just so-so.
On the 4-hour and daily timeframes, both moving averages are pressing down overhead. The shorts are lined up neatly—don’t expect an immediate reversal.
The key is whether 0.03, the low from the past two days, can hold.
If it holds, it may just grind here for a bit and give the oversold crowd some breathing room; if 0.03 is broken, then for now there’s no reference below—don’t touch it yet. Wait for it to stabilize on its own.
Upward, it first needs to reclaim 0.038 and push through with volume; only then would a meaningful rebound be considered. Otherwise, it just counts as a weak bounce.
Honestly, with this kind of chart action, I don’t even want to pick up a lobster shell—I’m afraid it’ll prick me.
#龙虾 #盘面观察
Has this move already dropped to the point of having no more fight left?
I looked at the order book and it really feels like it.
Purely fund-driven selling is what's hammering it. Current price is 0.032086; it’s down another 28% over the past 24 hours, and down more than 75% over the past seven days.
On the 15-minute timeframe, the short-term move has already pushed into oversold, but the rebound has no volume—it's just so-so.
On the 4-hour and daily timeframes, both moving averages are pressing down overhead. The shorts are lined up neatly—don’t expect an immediate reversal.
The key is whether 0.03, the low from the past two days, can hold.
If it holds, it may just grind here for a bit and give the oversold crowd some breathing room; if 0.03 is broken, then for now there’s no reference below—don’t touch it yet. Wait for it to stabilize on its own.
Upward, it first needs to reclaim 0.038 and push through with volume; only then would a meaningful rebound be considered. Otherwise, it just counts as a weak bounce.
Honestly, with this kind of chart action, I don’t even want to pick up a lobster shell—I’m afraid it’ll prick me.
#龙虾 #盘面观察