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$LAB Do not short, absolutely do not short!
The open interest has been increasing, spot inflow is greater than outflow (very rare, a week ago the big players were outflowing more than inflow), and it has already broken through.
The next resistance is at the previous high (not ruling out inserting a double-up spike on top of the previous high, which is like the final dance).
Many rumors were flying around before, including investigations and transfers of cold wallets. I now believe it’s more likely that the big players are just putting on a show.
Shorting at high levels is completely fine, but you need to have enough capital to fight against the big players, so you can wait for the moment when dawn arrives.
The current strong support is no longer at 3.6, but at 4.
My outlook remains bullish; the area above is almost a vacuum zone.