$龙虾 Time for a change of taste today—starting with a Boston lobster!!
I just took a look at the feed. There are still quite a few people going long, and even more are stuck in losing positions. If you’re stuck, don’t stubbornly hold on—cut your losses if you need to. Meme coins live off hype: they pump when there’s hype and drift when there isn’t. There’s still a heavy overhang of trapped holders above, and the project team clearly doesn’t want to miss out on this wave of profits. Most likely, it’ll keep grinding sideways until retail traders can’t take it anymore and sell at a loss.
Although it’s reached 4-hour support, I’m still leaning bearish. Meme coins like this have no real value. If funds aren’t speculating on it, the project team won’t pump it. Any bounce is still an opportunity to open short positions. The price target I gave yesterday has already netted 20 points. Don’t get swept up by all the people on the feed calling for a rally. Have a reason for every trade: watch on-chain fund flows, news, and whale positions—not just sentiment.
My view hasn’t changed; I’m still bearish. Around the current price of 0.028, you can open a small short position. Add to it if the price bounces, and keep holding if it breaks down!!
I just took a look at the feed. There are still quite a few people going long, and even more are stuck in losing positions. If you’re stuck, don’t stubbornly hold on—cut your losses if you need to. Meme coins live off hype: they pump when there’s hype and drift when there isn’t. There’s still a heavy overhang of trapped holders above, and the project team clearly doesn’t want to miss out on this wave of profits. Most likely, it’ll keep grinding sideways until retail traders can’t take it anymore and sell at a loss.
Although it’s reached 4-hour support, I’m still leaning bearish. Meme coins like this have no real value. If funds aren’t speculating on it, the project team won’t pump it. Any bounce is still an opportunity to open short positions. The price target I gave yesterday has already netted 20 points. Don’t get swept up by all the people on the feed calling for a rally. Have a reason for every trade: watch on-chain fund flows, news, and whale positions—not just sentiment.
My view hasn’t changed; I’m still bearish. Around the current price of 0.028, you can open a small short position. Add to it if the price bounces, and keep holding if it breaks down!!