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Do not use candlestick charts to predict the trend of $LAB
This is essentially a highly speculative, fundamentally lacking altcoin that cannot be explained by conventional technical analysis. The reason I am shorting is mainly based on two points:
1. Large outflows of on-chain funds;
2. The market generally views 4.4 as a strong support, with some investors mistakenly thinking this is a bottom-fishing opportunity.
This is a reflexive thinking: when most people are deeply confident in their technical analysis, it is often the precise moment for the whales to harvest profits. And always set proper take-profit and stop-loss levels.