$Lobster is down 2.36% in 5 minutes, currently at 0.05275. Two possible scenarios from here:
① It holds sideways on lower volume and reclaims the breakdown level → this drop looks more like a sentiment-driven selloff
② It fails to reclaim the level on a bounce and breaks below the 24h low of 0.0361 → weakness will likely continue
I’d rather wait to see the strength of the first bounce before making a call. Where are you all watching next?
#Lobster
In a highly volatile market, risk management comes first.
① It holds sideways on lower volume and reclaims the breakdown level → this drop looks more like a sentiment-driven selloff
② It fails to reclaim the level on a bounce and breaks below the 24h low of 0.0361 → weakness will likely continue
I’d rather wait to see the strength of the first bounce before making a call. Where are you all watching next?
#Lobster
In a highly volatile market, risk management comes first.