Guys $龙虾 short round 2 start, I'm opening another short with 10x
sell on bounce
TP: 0.090 - 0.0780 - 0.065
SL: 0.115
guys why I'm bearish because it ran from $0.05 to $0.30 a massive 6x move. But that was the pump. Now comes the dump.
Since topping out at $0.30, the chart is printing clear lower highs and lower lows. That's not a pullback that's a trend reversal. The structure is broken.
Every bounce is getting sold into. $0.12 broke. Now $0.10 is under pressure. Volume is fading on the green candles, which means buyers are exhausted and sellers are still in control.
Until we see a strong reclaim of $0.12 with real volume, the path of least resistance is down.
My take: This isn't a dip to buy. This is a breakdown to short.
I'm already in. Let it bleed.
Always DYOR
Short here 👇🏻
sell on bounce
TP: 0.090 - 0.0780 - 0.065
SL: 0.115
guys why I'm bearish because it ran from $0.05 to $0.30 a massive 6x move. But that was the pump. Now comes the dump.
Since topping out at $0.30, the chart is printing clear lower highs and lower lows. That's not a pullback that's a trend reversal. The structure is broken.
Every bounce is getting sold into. $0.12 broke. Now $0.10 is under pressure. Volume is fading on the green candles, which means buyers are exhausted and sellers are still in control.
Until we see a strong reclaim of $0.12 with real volume, the path of least resistance is down.
My take: This isn't a dip to buy. This is a breakdown to short.
I'm already in. Let it bleed.
Always DYOR
Short here 👇🏻
