$LAB Be careful this time, the dog whale might start double-sided harvesting again!!

Previously, it dropped from a high position, first smashing the short positions, then quickly falling back to trap long positions. This kind of movement is very typical.
It's not just a simple rise and fall; the whales are using liquidation maps to manipulate the market.

On-chain, the pool hasn't been fully withdrawn, and there are still people willing to buy below, indicating that the dog whale hasn't completely abandoned the market.
But if the open interest on the futures side continues to decline, it means both longs and shorts have been washed out almost equally.

Now the key is whether it can hold around 1.8.
Holding there allows for a rebound; if it breaks, don’t try to fight it, as there might be a second test below.

Above, 2.6-2.9 is a resistance zone and also a liquidation area for the bears.
Below, around 1.5 is a stop-loss zone for the bulls.

Don’t be too greedy in this market; the dog whale isn’t here to give away money.
First, secure your profits, and don’t end up giving them back to the whales!! $LAB