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$LAB The 1-day candle of LABUSDT is currently in a very strong volatility state, like “pump then dump with shakeouts,” not yet stable.
I see a few important points:
* The current price is around 1.57 after pushing up to about 2.75 then being heavily sold down.
* The daily candle has a very long upper wick → indicating strong profit-taking pressure above 2.5–4.
* Extremely high volume → genuine money flow entering, not a dead coin. But high volume also means big sharks are shaking the market aggressively.
* MACD still trending upward → the major trend hasn't fully broken down.
* Bollinger Bands are expanding strongly → the price is in an overheated phase.
Notable zones:
* Near support: 1.35–1.40
* Stronger support: 1.0–1.1
* Near resistance: 2.07
* Strong resistance: 2.7–3.4
Likely scenarios:
1. If holding above 1.35–1.4:
* Possible rebound to test 2.0–2.1.
* Only a strong break above 2.1 opens the chance to return to the 3+ zone.
2. If breaking below 1.35:
* Easily panic sell back toward around 1.0 or lower.
This candle indicates the market is being “shaken within a wide range,” so chasing entries is very risky. Usually, after a 100–200% increase, there will be a phase of:
* strong shakeouts,
* long/short sweeps,
* then the real trend is confirmed.