$龙虾 USDT Perp: Massive Momentum Move
$LOBSTER is showing one of the strongest moves on the chart right now, with price around 0.1424 after climbing more than 176% in 24 hours.
The 1H chart shows a sharp breakout from the 0.03635 area, followed by heavy volume and continued buying pressure. Price recently reached 0.14599, making this the key short-term resistance.
Levels I’m watching: 🔴 0.1460 breakout resistance
🔴 0.1515 — next upside area
🟡 0.1273 — first important support
🟡 0.1032 — deeper support
My view: Momentum is clearly strong, but after such a vertical move, chasing the candle can be dangerous. I’d rather see whether price can hold 0.127–0.13 on a pullback or establish a clean breakout above 0.146.
Strong momentum doesn't mean zero risk. Volatility is the main thing to respect here.
$LOBSTER is showing one of the strongest moves on the chart right now, with price around 0.1424 after climbing more than 176% in 24 hours.
The 1H chart shows a sharp breakout from the 0.03635 area, followed by heavy volume and continued buying pressure. Price recently reached 0.14599, making this the key short-term resistance.
Levels I’m watching: 🔴 0.1460 breakout resistance
🔴 0.1515 — next upside area
🟡 0.1273 — first important support
🟡 0.1032 — deeper support
My view: Momentum is clearly strong, but after such a vertical move, chasing the candle can be dangerous. I’d rather see whether price can hold 0.127–0.13 on a pullback or establish a clean breakout above 0.146.
Strong momentum doesn't mean zero risk. Volatility is the main thing to respect here.
