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$LAB current market situation: Spot main positions continue to flow out, making it easy to withdraw at any time; contract trading warms up but open interest declines, large traders have a long-short ratio of 4:6, and large short positions at high costs begin to recognize profit-taking and escape, weakening the short-selling force.
Last night, the price broke below the trend and should have dropped sharply, but the main players retracted their positions to oscillate, which is a trap to induce short sellers and shake out liquidity; early morning, a rally was built up.
As long as the key support of 3.6–4 is not effectively broken, it is only a short-term scare tactic by the main players, and the subsequent market will still continue upward.
We need to push above 20 to make a good profit first, and don't expect to end it easily.
There's still a long way to go.