The $龙虾 /USDT perpetual chart caught my attention today — the move is hard to ignore.
On the 1H chart, price dumped to around 0.0363 and then reversed hard, now sitting near 0.0653. The 24h stats show a +75.81% move, with a high of 0.067552 and a low of 0.036896. That’s a huge range, and the volume expansion during the recovery stands out to me.
What I find interesting is that price is back above the MA(7), MA(25), and MA(99). That suggests short-term momentum has flipped, at least for now. But after a vertical move like this, I don’t think the important part is chasing green candles. The important part is whether buyers can defend the reclaimed zone and form a higher low.
My take: this could be real momentum, or it could be a volatile spike. I’d be more interested in seeing how price reacts around 0.060–0.061 if it pulls back, and whether it can reclaim the 0.0675 area. If that zone fails, the strength becomes less convincing to me.
Would you treat this as strength or just short-term momentum?
On the 1H chart, price dumped to around 0.0363 and then reversed hard, now sitting near 0.0653. The 24h stats show a +75.81% move, with a high of 0.067552 and a low of 0.036896. That’s a huge range, and the volume expansion during the recovery stands out to me.
What I find interesting is that price is back above the MA(7), MA(25), and MA(99). That suggests short-term momentum has flipped, at least for now. But after a vertical move like this, I don’t think the important part is chasing green candles. The important part is whether buyers can defend the reclaimed zone and form a higher low.
My take: this could be real momentum, or it could be a volatile spike. I’d be more interested in seeing how price reacts around 0.060–0.061 if it pulls back, and whether it can reclaim the 0.0675 area. If that zone fails, the strength becomes less convincing to me.
Would you treat this as strength or just short-term momentum?
