$LAB 16 USD this position, both longs and shorts are gambling with their lives. It surged 24% in 24 hours to 16.46, with a trading volume of 238 million, but you should know that 12.66 was yesterday’s low point. This volatility nearly wiped out leveraged accounts twice. Someone in my social circle held a 3x long position steadily, while others cursed it as a “rebound trap for selling off.”

Bullish people say three things: First, on-chain data shows large order buy-in concentration increasing, clearly indicating whales are eating up chips around 15.8; second, this rebound didn’t have massive volume, meaning selling pressure isn’t at its limit yet. If it can hold at 15.5 on a pullback, 17.5 is the next resistance zone; third, when mainstream coins consolidate sideways, funds are looking for rotation targets, and $LAB has a small circulating supply, making it easier for whales to push the price up at manageable costs.
But bears are also watching three points: First, around 16 is exactly the 0.618 Fibonacci resistance level from the previous decline, and technical analysis favors harvesting late buyers at this level; second, the 24-hour turnover rate suddenly spiked to 35%, a typical sign of short-term speculative funds entering. Once these funds withdraw their orders, the sell-off can be faster than a rocket; third, $LAB’s daily MACD is still below the zero line, indicating the overall trend hasn’t reversed, and bears see this as just an oversold rebound scenario.
My own strategy is to clear half my position and wait for signals: if 15.8 can hold with volume, I’ll re-enter long with a stop-loss at 15.2; if it breaks below 15.5 without rebounding, I’ll look for opportunities to short around 14.2 liquidity levels. Remember, in such volatile conditions, don’t leverage more than 2x, and don’t set stop-losses beyond 5%. You can’t withstand the market makers’ needle.
If it rises,扣1; if it crashes,扣2.