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$LAB This candlestick chart is really whatever way you want to draw it.
Let me analyze the underlying logic behind $LAB . If you don't even understand these, you really shouldn't touch these fake coins controlled by big whales.
The KOLs initially had a cost basis of $0.02, now at $15, which is a 760-fold increase, but the chips haven't been fully released and will only be unlocked in August.
Even if it drops to $1, they still have a 50x profit; if it drops to $0.1, they can make 5 times the profit. No matter how you play, it's a guaranteed profit.
Whales hold over 95% of the chips, with extremely low costs and very limited circulating chips.
The core driving force behind the current price surge is actually the hedging KOLs and retail short-sellers—hedging costs about 1% per hour, and theoretically, they could be liquidated in four or five days.
As long as the hedging positions remain, the price may continue to surge; anyway, the whales can just dump before the August unlock.
As for going long? Once the longs increase, the market runs in a one-sided manner, and the whales directly dump at high levels to distribute chips—an example is the move from 24 to 6 in the morning.
This essentially is a whale's single-player game; retail investors are just bleeding on the tip of the knife, and in the end, only losses are guaranteed.