$LONGX ($龙虾 ) — SELLERS STILL IN CONTROL
LONGX has dropped more than 32% in 24 hours, and the 4H chart is showing a clear loss of bullish momentum.
Current Price: $0.03093
The price is trading below the 7 MA at $0.03515 and the 25 MA at $0.04131. Heavy selling volume confirms that this is not a recovery we should trust blindly.
Potential SHORT Setup
Entry Zone: $0.0315–$0.0330
Stop-Loss: $0.0355
TP1: $0.0281
TP2: $0.0268
TP3: $0.0245
What I'm watching
The $0.0281 level is the immediate support to watch. A clean breakdown could open the door to further downside. However, after such a sharp decline, a relief bounce is also possible.
I would prefer a weak bounce followed by bearish confirmation rather than chasing the move at current levels.
If price reclaims the $0.0355 area, this short idea loses its validity.
Patience matters more than prediction. Let price confirm the next move.
Always manage risk carefully, especially in leveraged futures.
LONGX has dropped more than 32% in 24 hours, and the 4H chart is showing a clear loss of bullish momentum.
Current Price: $0.03093
The price is trading below the 7 MA at $0.03515 and the 25 MA at $0.04131. Heavy selling volume confirms that this is not a recovery we should trust blindly.
Potential SHORT Setup
Entry Zone: $0.0315–$0.0330
Stop-Loss: $0.0355
TP1: $0.0281
TP2: $0.0268
TP3: $0.0245
What I'm watching
The $0.0281 level is the immediate support to watch. A clean breakdown could open the door to further downside. However, after such a sharp decline, a relief bounce is also possible.
I would prefer a weak bounce followed by bearish confirmation rather than chasing the move at current levels.
If price reclaims the $0.0355 area, this short idea loses its validity.
Patience matters more than prediction. Let price confirm the next move.
Always manage risk carefully, especially in leveraged futures.