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$LAB Let me give everyone a rough overview of what the market makers of LAB have been doing, why it's currently sideways, and why I’m still holding without fearing a drop.
Based on my team's on-chain data analysis, from the price trend and public information, LAB's performance in April followed these patterns:
1️⃣ Early accumulation at low levels (early April): Trading volume in the low-price zone was moderate, possibly preparing for a subsequent surge.
2️⃣ Phased rally (April 5-23): Multiple breakouts attracted retail investors to follow the trend.
3️⃣ High-level consolidation and distribution (after April 24): Massive trading volume with sharp price fluctuations, possibly gradually offloading.
4️⃣ Final sprint (May 1-6): Extreme volatility likely aimed at maximizing offloading at high prices.
5️⃣ News impact (after May 7): Negative allegations caused a trust crisis, leading to a sharp price correction.
Currently, the sideways movement is the market maker's strategy to gather more chips and then sell at high prices. Do you understand? This pattern clearly shows that the market maker is very greedy, aiming to crush retail investors' sentiment.
However, I don’t recommend entering now; be very cautious. I’ve already closed a large part of my position. The remaining is for verification—once the market maker feels the price has reached their target, they will naturally dump in a big drop.
All the news I can share now is lagging information, meant to influence retail investors’ emotions and facilitate harvesting. Only capital flow can truly reveal the real situation and help with predictions. We can discuss more details another time. #Gate广场五月交易分享