$LAB This market is playing quite wildly. Why? The short position was opened after 3 PM. It had been sideways for a while then. At that time, the bottom was densely long. I thought it was going to break below 4 and go down further. Possibly even to 3. It could easily wipe out the longs. But what happened? It just stayed sideways until just now. I drew a line. The so-called resistance level, this kind of indicator that fools everyone into thinking it's just a game for kids. When it touched the resistance, I was even more certain of a downward trend. But unfortunately. At 8:00 PM, I looked again. The shorts were dense. To put it plainly, the market was in an awkward position where it was neither going up nor down. Logically, after absorbing those short positions, the pressure should be less. So I switched back to a bullish view. Because: 1. It wouldn't let too many people make money. 2. From the action and news, it had to defend the market. 3. Moving down, short-term profit-taking also creates downward pressure. 4. It could have already initiated a decline. 5. The bottom longs added margin, increasing the cost of falling. I never expected that the upward spike was first to kill some shorts, then a sharp drop. Now I see it. It’s just sideways again. This market manipulates sometimes against human nature, sometimes in line with it. I don’t know what it’s trying to do. Let it do whatever it wants. 😭

LAB-2.77%
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GateUser-76ab0613
· 5h ago
With this kind of coin, don't bother with technical analysis at all. Just go for 3x, 5% position, pick a direction at random, and sleep. Love the ups and downs.
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DelicatelyBeautifulFace
· 5h ago
This is the correct way to do it; slow work yields fine results, and you can make big money.
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