$龙虾 Shrimp is an interesting coin with an interesting chart.
There was a huge spike in Futures volume, around $300M, followed by a slight move below the support. This could be a liquidity sweep by market makers, taking out long positions before the price moves higher.
Based on the volume, market structure, and current setup, I think there’s a high probability of a move toward $0.16 — around 70% in my view.
So for me, the main focus is simply finding a good long entry, not a perfect entry, and managing the risk-to-reward properly. #龙虾 #ETH #October
There was a huge spike in Futures volume, around $300M, followed by a slight move below the support. This could be a liquidity sweep by market makers, taking out long positions before the price moves higher.
Based on the volume, market structure, and current setup, I think there’s a high probability of a move toward $0.16 — around 70% in my view.
So for me, the main focus is simply finding a good long entry, not a perfect entry, and managing the risk-to-reward properly. #龙虾 #ETH #October
