$Lobster
Down about 24% in a day, while long accounts still outnumber shorts by roughly 2:1—don't try to catch the bottom just yet; wait for confirmation that the decline has stopped.
Current price is around 0.0203. It plunged from 0.0269 intraday to a low of 0.0187, with about 48 million U in trading volume.
The number of contracts rose by only about 2.6% in a day, while notional position value shrank by about 22%—mostly due to the price drop, not a surge in short positions.
The long/short account ratio is about 66.7% / 33.3%, with longs still holding on; the funding rate is around +0.005%, indicating very little pressure.
Bias: Cautious and bearish. Don't catch the falling knife at the current price; wait for the low to hold before considering a small position.
Aggressive: Try a small short on a rebound near 0.022, with a stop-loss at 0.0238 (about −8.2%) and an initial target of 0.019 (about +13.6%). Exit if momentum stalls.
Conservative: Stay out at the current price. Consider a small long only after a 4H close above 0.0215, with a stop-loss at 0.0195 (about −9.3%) and an initial target of 0.0235 (about +9.3%). If it can't hold above that level, remain sidelined.
Are you betting it will break below 0.0187, or rebound first to test 0.022?
Note: This analysis is for reference only and does not constitute investment advice!
#Lobster
Down about 24% in a day, while long accounts still outnumber shorts by roughly 2:1—don't try to catch the bottom just yet; wait for confirmation that the decline has stopped.
Current price is around 0.0203. It plunged from 0.0269 intraday to a low of 0.0187, with about 48 million U in trading volume.
The number of contracts rose by only about 2.6% in a day, while notional position value shrank by about 22%—mostly due to the price drop, not a surge in short positions.
The long/short account ratio is about 66.7% / 33.3%, with longs still holding on; the funding rate is around +0.005%, indicating very little pressure.
Bias: Cautious and bearish. Don't catch the falling knife at the current price; wait for the low to hold before considering a small position.
Aggressive: Try a small short on a rebound near 0.022, with a stop-loss at 0.0238 (about −8.2%) and an initial target of 0.019 (about +13.6%). Exit if momentum stalls.
Conservative: Stay out at the current price. Consider a small long only after a 4H close above 0.0215, with a stop-loss at 0.0195 (about −9.3%) and an initial target of 0.0235 (about +9.3%). If it can't hold above that level, remain sidelined.
Are you betting it will break below 0.0187, or rebound first to test 0.022?
Note: This analysis is for reference only and does not constitute investment advice!
#Lobster