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🚨 Market Update $LAB: Strong Volatility Sweeps Both Long & Short 🚨
📈 Proposed trading setup:
⟶ Entry zone: 2.8500 – 3.1000
• Near-term target: 3.7400
• Next target: 4.0000
⛔ Stop loss: 2.2500
The $LAB market is currently entering a phase of extreme volatility, with continuous liquidity sweeps causing many traders to be caught off guard. The price suddenly dropped sharply to the 2.28 zone before skyrocketing up to 3.64 in a short period.
This movement indicates a classic “stop-loss hunt” scenario, where both long and short positions using high leverage are wiped out. After clearing weak positions, the price is now showing signs of stabilizing around the daily high.
In the short term, investors should prepare for continued strong fluctuations, especially as the price approaches the important resistance zone at 3.74. If $LAB can hold above 3.00, this will be a positive signal indicating enough buying pressure to push the price to new highs.
📊 Strategy: Prioritize monitoring the price reaction at the 3.00 and 3.74 zones to confirm the next trend before making trading decisions.