LAB's rollercoaster market this wave.

Many people are asking if the deep V is a failure, and these next few levels must be watched closely.

Let's first talk about why it rose.

A few days ago, LAB had a violent surge, directly reaching 7.77, driven by a combination of news-driven stimulus and technical breakout.

The price strongly broke through the previous consolidation range, with the upper Bollinger Band pressed beneath, and trading volume also suddenly increased.

But after the climax, it’s often a mess.

Now it has fallen to 5.4, a retracement of nearly 30%. The reason is simple: positive news lands, and funds flee — this is a hard rule in the crypto world.

Plus, the Bollinger Bands are starting to contract, with the price running close to the middle and lower bands, indicating that bullish momentum has waned and the market has officially entered a consolidation and correction phase.

Brothers caught at high levels, don’t panic and sell off now. This position is a previous support zone, and you can wait for a rebound.

When the price returns to around 5.7 to 5.8, reduce some positions to ease pressure.
Those holding no positions and trying to catch the bottom, don’t rush in. MACD is still tangled near the zero line, and the moving averages are in a bearish alignment — the correction isn’t over yet.

Crypto market surges and crashes are normal; the most taboo is chasing highs and going all-in.
Stay calm, watch more, move less, and wait for a clear trend before taking action. $LAB