$LAB Let's review the “devil coin” LAB:

The pump that happened early morning was actually a clear example of the typical "pump to trap shorts + distribute at high levels" tactic.
A rapid short-term surge first clears out the shorts, then distributes chips at the emotional high point. On-chain data is also very straightforward: the top ten addresses' coin holdings share dropped from 99%-98% down to 89%, clearly indicating large holders are continuously distributing at high levels. Looking at smart money data, currently the market's long positions are far higher than the short positions.
The problem is—based on this manipulator's trading style, will most people really make easy money? The more one-sided the bullish sentiment, the more cautious one should be about a reverse trap.
One sentence: The current price still leans bearish; a rebound is an opportunity. Take profits in stages, and don't be greedy. #Gate广场五月交易分享