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$LAB Can it surge to the top again?? Or will it usher in a waterfall??!!
Yesterday, LAB showed a "Heaven and Earth Needle" trend, dropping from 4.95 all the way down to 3.03 during the session, then rebounding back to around 4.5. The daily fluctuation was extremely dramatic, a typical high-controlled fund gaming scenario. Over the past 7 days, it has gained more than 400%, with a cumulative 30-day increase exceeding 1000%, entering a high-risk acceleration phase. Although the current trading volume remains high, the market’s bullish and bearish opinions are clearly diverging, with the turnover rate continuously soaring. A large amount of profit-taking chips could be cashed out and exited at any time. Based on the previously highly similar trading pattern with RAVE, such surges are often not trend reversals but rather the market maker distributing at high levels through emotional manipulation. Technically, the long upper shadow has already signaled obvious selling pressure, and the short-term momentum for further rise is weakening. If subsequent rebounds are weak and trading volume declines, it may replicate the previous similar coins’ "surge—sideways—waterfall" pattern.
The strategy remains mainly short-selling; buy directly around the current price of 4.5, with key support at the 3.0 level. If this level is broken, further downside potential could open up. #Gate广场五月交易分享