$LAB Shorted at 5, closed at 4.2, profit of 1000🔪, position closed.

Why short LAB?

$LAB is a typical meme coin, with rapid pump and even faster dump. The 5 level is the previous rebound high point, trading volume is starting to shrink, and buying pressure can't keep up. Entered with 10x leverage, stop loss above 5.5, look up to 4.50, then to 4.20. Currently all reached.

How is it now?

Fallen from 5 to 4.2, about 15% drop. With 10x leverage, this drop corresponds exactly to 150%, perfectly capturing the main decline.

What to do now?

Already closed the position, no need to do anything else. The key is to review: meme coins are not about the big picture, once the target is reached, exit—don’t chase the last bit of momentum. 4.5 is the first target, 4.2 is the second target; executing the plan is a win.

Whale’s approach:

Don’t touch the bottom, don’t chase the tail. Exit after the main decline, let others fight for the rebound. The funding rate and holding risk of meme coins aren’t worth the big picture. Lock in profits and look for the next target.

Overall, short at 5, close at 4.2, 10x leverage. Profit of 1000🔪
Captured the main decline, perfectly took profit
Don’t obsess over the bottom, following the plan and closing the position is winning