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$LAB This rebound is crazy! Are the bears lining up to get liquidated?
A day in the crypto world is like a year in the human world; opportunities are often hidden in others' tears of panic.
LAB just experienced a fierce plunge, but now the 1-hour chart shows a beautiful "V" shape reversal, with all technical indicators pointing upward, indicating that the short-term momentum has been seized by the bulls.
Even more critical is that the liquidation map shows that the current rally faces little resistance, with few short positions lurking above, and a slight push from the main force could trigger a chain of liquidations.
Trading suggestions:
Go long: around 9.6-9, target around 10-13; go short: around 13-13.5
My view is simple: the sentiment has just warmed up, and riding the trend is the most important.