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#LAB $LAB Current price $6.8905, +60.05% in 24h.
Why is this happening? The short-term continues to push upward, and funds are flowing along with it.
If we talk about risks, the large investors' long and short positions are at 55:45, clearly leaning more long. The funding rate is -0.085%, indicating that shorts are clearly adding to their positions. The pullback depends on whether the support below can hold.
First, look at $7.0972 above, and below, see if $6.7182 can support.