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$LAB overnight, another group of resilient air force members has fallen 😁😁
Dog Village loves to catch everyone off guard when they are sound asleep!
Why have I been advising everyone not to short LAB? Let me share my thoughts:
First, this coin started pumping from around 0.5. According to the logic of the whales, pumping a coin usually requires at least a 10x increase, that’s one point.
Second, the long-short ratio of this coin is very similar to STO SIREN RAVE, clearly the same whale! All retail investors piling on short positions, the bearish force is too strong, it can’t be burned out, and the whale loves to harvest these contrarian trades!
Third, when is the best time to short? When there’s a huge volume explosion with a big bullish candle, the price is at a historical high, and the retail long-short ratio surges above 0.8! At the same time, open interest drops sharply, that’s the best shorting point!
Currently, the main force has not left the market, the retail long-short ratio has risen from 0.36 to 0.54, and the price has fallen from 7.7 to 5.2, clearly a shakeout! As long as the bears are still piling on, the whales will continue to violently push up, breaking new highs!!
Take my advice, if you currently hold short positions, just take a sip of soup and quickly take profits and exit. The bad pattern of this coin will lead to a very tragic ending #GateioInto11