Woah, is the $LAB $LAB ‌ pump finally done?
The chart tells a simple story: huge vertical move, and now a nasty rejection wick up near $0.255. That’s the high, and it got slapped back down hard.
The selling pressure is real, look at the Order Book imbalance: 67.99% on the Ask side. Sellers are stacked up heavy.
Right now, it’s hanging around $0.186, which is trying to act as support after that first dip.
If it holds $0.18, maybe there’s a relief bounce back toward $0.21. But if it drops through that, it’s going to look for support at the next major pivot, probably around $0.16.
That volume is huge but it’s distribution now. Don’t try to catch a falling knife here. I’m just watching for now.
Are you brave enough to long this dip?

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