$Lobster is up 3.51% in 5 minutes, currently at 0.03071. If you're itching to chase the rally, ask yourself three questions first:
① The 24h high of 0.0485 hasn't been broken yet—is the risk/reward still worth it?
② It's still down 35.6% over 24h. Do you know whether this is a bounce or a trend reversal?
③ Do you know where you'll set your stop-loss?
Think all three through before deciding. If you haven't, it may be better to wait a little longer.
When FOMO is at its peak, that's often when you most need to stay calm.
① The 24h high of 0.0485 hasn't been broken yet—is the risk/reward still worth it?
② It's still down 35.6% over 24h. Do you know whether this is a bounce or a trend reversal?
③ Do you know where you'll set your stop-loss?
Think all three through before deciding. If you haven't, it may be better to wait a little longer.
When FOMO is at its peak, that's often when you most need to stay calm.