$龙虾 setup is starting to look interesting after the sharp sell-off.
Price dropped from above $0.10 to around $0.066, then started forming a small base near the lows. I’m watching the reclaim around $0.074 because holding this area could open room toward the nearby resistance levels.
Trade Plan
Entry Zone: $0.0722 – $0.0745
Target 1: $0.0785
Target 2: $0.0820
Target 3: $0.0867
Stop Loss: $0.0637
Why this setup works:
I’m looking for a bounce from the recent low after sellers pushed price aggressively lower. The key is whether buyers can hold the $0.072 area and build higher lows. A clean break above $0.0785 would strengthen the recovery and expose the next resistance zones around $0.082 and $0.0867.
If price loses $0.072 and starts moving back toward the recent low, I’d stay out rather than force the trade.
#ChinaMayLetAlibabaByteDanceBuyNvidiaChips #FedProposesPaymentStablecoinRules #KospiFalls2.7%SamsungSKHynixDropOver5%
Price dropped from above $0.10 to around $0.066, then started forming a small base near the lows. I’m watching the reclaim around $0.074 because holding this area could open room toward the nearby resistance levels.
Trade Plan
Entry Zone: $0.0722 – $0.0745
Target 1: $0.0785
Target 2: $0.0820
Target 3: $0.0867
Stop Loss: $0.0637
Why this setup works:
I’m looking for a bounce from the recent low after sellers pushed price aggressively lower. The key is whether buyers can hold the $0.072 area and build higher lows. A clean break above $0.0785 would strengthen the recovery and expose the next resistance zones around $0.082 and $0.0867.
If price loses $0.072 and starts moving back toward the recent low, I’d stay out rather than force the trade.
#ChinaMayLetAlibabaByteDanceBuyNvidiaChips #FedProposesPaymentStablecoinRules #KospiFalls2.7%SamsungSKHynixDropOver5%
