$龙虾
After a sharp, rapid drop from the previous peak towards the low formed near the negative bottom, the price managed to absorb the selling pressure and entered an ascending accumulation phase characterised by higher lows
This view is supported by an improvement in liquidity and volume indicators compared to the downtrend phase, alongside the Stochastic RSI reaching overbought territory with clear bullish momentum, reflecting buyers taking control as the price currently tests the exponential moving averages (EMA)
$龙虾
A breakout above this obstacle opens the door for a continued bullish correction towards the next resistance levels
The upside scenario remains valid, conditioned upon holding above the recent accumulation low to ensure buying momentum persists and avoid a return to negative territory
$龙虾
#龙虾自由 #Market_Update
After a sharp, rapid drop from the previous peak towards the low formed near the negative bottom, the price managed to absorb the selling pressure and entered an ascending accumulation phase characterised by higher lows
This view is supported by an improvement in liquidity and volume indicators compared to the downtrend phase, alongside the Stochastic RSI reaching overbought territory with clear bullish momentum, reflecting buyers taking control as the price currently tests the exponential moving averages (EMA)
$龙虾
A breakout above this obstacle opens the door for a continued bullish correction towards the next resistance levels
The upside scenario remains valid, conditioned upon holding above the recent accumulation low to ensure buying momentum persists and avoid a return to negative territory
$龙虾
#龙虾自由 #Market_Update
