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$LAB Familiar script, familiar routines, everything is coming back. The lab is very likely to replicate a rave-style move, with high-level sideways consolidation to absorb supply, then a sharp surge fueled by explosive gaps. Liquidity has already reached a terrifying $880 million, with two consecutive rapid surges within ten minutes. The short-seller liquidation volume is about $14 million, while the Bitcoin liquidation volume in the same period is only $5.84 million. Currently, short accounts account for 73%, possibly continuing to avoid longs and then another quick drop to end the market.
A few reference levels:
First resistance: 7.77 - 7.80
Second resistance: 6.20 - 6.30
Third resistance: 5.20 - 5.40
First support: 5.00
Second support: 4.50 - 4.60
Third support: 4.14 - 4.20
Order book shows:
Large buy orders around 6.15
Large sell orders around 6.16
If the price retraces to around 5.00, and the 4-hour candlestick closes with a bullish engulfing or hammer pattern, or active buy orders remain stronger than sell orders, and short account ratio begins to decline, go long.
If it breaks above 6.20 resistance and retests to confirm support, then chase longs, targeting 7.0-7.5.
If the price rebounds to the 7.0-7.77 range, shows a clear upper shadow or bearish engulfing pattern, or the funding rate rapidly rises, and long account ratio increases, then short.
If it breaks below the 5.00 key level and rebounds are weak, go short accordingly, targeting 4.5-4.6.
This coin is very tricky, with little liquidity above. Be cautious. #Gate广场五月交易分享