Currently $LAB is in a floating profit state.



From the hourly chart, there are multiple long upper shadows ("probes"), and the price has repeatedly attempted to break through the 4.8 resistance level but failed, indicating heavy selling pressure above that area. Coupled with recent negative news exposed about the project team, the market shows clear divergence, with most holders choosing to actively sell off. Overall, the main purpose of this round of price increase by the project team is to blow out the short positions established last night, rather than a trend reversal. In general, downward pressure remains significant, and a decline is still the main direction.
LAB13.3%
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BlueYuan
· 2h ago
There should still be a wave of buying.
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