$龙虾 Has Been Moving Crazy These Days... But The Current Data Is Getting Really Interesting 🔥
Guys, 龙虾 has now dropped from $0.0823 to around $0.0418, so the 1H structure is still clearly bearish. But after such a heavy flush, I don't want to chase the short at the bottom.
The derivatives data still favors sellers. Futures CVD remains deeply negative, spot flow is weak, and 24H spot flow is still around -$1.33M. OI has also dropped heavily, showing that a lot of leverage has already been flushed.
At the same time, top-trader positioning is still heavily long, around 2.2+ L/S, with nearly 70% long. Funding is negative too. If $0.0405 breaks with fresh selling and OI starts rebuilding, those crowded longs could become fuel for another liquidation move.
Guys, $龙虾 already dropped 25%+, and the data remains bearish. The main risk is whale activity: ~110M 龙虾 was withdrawn from exchanges. This could reduce sell supply and trigger a squeeze.
So my bias is still BEARISH, but I'm not chasing here.
If 龙虾 reaches my short entry zone, I'll wait for 1H confirmation — I want to see the candles weakening at resistance, selling pressure returning, and CVD/spot flow still negative before entering.
If $0.0405 breaks first, I'll also wait for quick 30min confirmation instead of blindly chasing the breakdown.
For the next 2-4 days, the short still has the better high-RR setup, but the whale transfer means we need to respect squeeze risk.
Let's see what 龙虾 does next ✅
$SAND
Guys, 龙虾 has now dropped from $0.0823 to around $0.0418, so the 1H structure is still clearly bearish. But after such a heavy flush, I don't want to chase the short at the bottom.
The derivatives data still favors sellers. Futures CVD remains deeply negative, spot flow is weak, and 24H spot flow is still around -$1.33M. OI has also dropped heavily, showing that a lot of leverage has already been flushed.
At the same time, top-trader positioning is still heavily long, around 2.2+ L/S, with nearly 70% long. Funding is negative too. If $0.0405 breaks with fresh selling and OI starts rebuilding, those crowded longs could become fuel for another liquidation move.
Guys, $龙虾 already dropped 25%+, and the data remains bearish. The main risk is whale activity: ~110M 龙虾 was withdrawn from exchanges. This could reduce sell supply and trigger a squeeze.
So my bias is still BEARISH, but I'm not chasing here.
If 龙虾 reaches my short entry zone, I'll wait for 1H confirmation — I want to see the candles weakening at resistance, selling pressure returning, and CVD/spot flow still negative before entering.
If $0.0405 breaks first, I'll also wait for quick 30min confirmation instead of blindly chasing the breakdown.
For the next 2-4 days, the short still has the better high-RR setup, but the whale transfer means we need to respect squeeze risk.
Let's see what 龙虾 does next ✅
$SAND