【$LAB Bearish Signal】RSI severely overbought + abnormal surge in funding rate

$LAB 1.2079, 1H RSI 89.26, 4H Bollinger Band upper band at 1.0576 has long been broken. Funding rate at 0.1275% is too high, OI is stable but buying depth is unbalanced at 32.65%, showing clear signs of distribution at high levels. Buy-side gap, after the last massive bullish candle on the 1H chart, volume decreased and pulled back, momentum is exhausted.

🎯Direction: Short

⚡Entry: 1.2019 (Place order near current price, leveraging emotional inertia)

🛑Stop Loss: 1.2500 (Above previous high at 1.2499, to prevent short squeeze)

🚀Target 1: 1.0500 (Near the middle band of the 4H Bollinger)

🚀Target 2: 0.9500 (Previous area of heavy trading volume)

🛡️Trade Management:
- Execution strategy: Reduce position by 50% after reaching Target 1, move stop loss down to entry price. If the price rebounds and breaks above 1.2500, close all remaining positions.

Depth logic: No top divergence on 1H/4H charts, but the funding rate at 0.1275% far exceeds the 0.1% warning line. Historically, such situations often accompany sharp pullbacks. 1H RSI at 89.26, high probability of mean reversion. Waiting for the price to break below 1.1736 (4H low) to confirm a bearish trend is more prudent, but the current risk-reward ratio is already sufficient.
Check real-time market 👇 $LAB
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