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$LAB Strong rally or just a trap for more buying?
A trap for more buying to push the price up, covering up a defeat:
Don’t be fooled by the so-called intraday reversal +31.64%! Currently, $LAB ’s price has forcibly rebounded to around $12.75, but this is just a precise “trap for more buying” after the main players’ big escape at the top. Just a few days ago, it plummeted from a sky-high price of $27.95 in a vertical drop, halving twice down to $8.46! The current rebound hasn’t even recovered half of the previous decline.
MA25 Mountain pressing down:
On the 4-hour K-line chart, the 25-period moving average (MA25, about $13.25) is now hanging overhead like a death scythe. Just now, this surge attempt was met with ruthless bearish resistance near $13.24, with the rebound volume severely shrinking, making it impossible to form an effective breakout.
High-level headlock chips locked in:
The massive “long upper shadow” that surged to $27.95 in early June has already trapped countless retail investors who chased the high at the top. Every current rally will be met with frantic selling pressure from trapped longs and main players offloading their holdings at the top.
Under the macro horror story of liquidity exhaustion across the entire network and frantic capital outflows, this kind of micro coin that lacks fundamentals and relies solely on emotional pumping, its only purpose of skyrocketing is to “create liquidity buy orders for big players to retreat.”
Around $13, the short-term bulls are at their last gasp. Once this wave of momentum exhausts, $LAB will tear off its disguise, directly turning into a rapid decline, ruthlessly retesting the $10 support, and possibly plunging again into the bottomless abyss of $8.46!