Lost 1.24 million USD before I learned to read data—this wave of $LAB nearly wiped me out.

At a price of 12.8 USD, it fell 24.56% in the past 24 hours, and the trading volume is still 400 million USD. Panic selling hasn’t cleared out completely, but even the stubborn old-timers who held on too long have all been cut below 13 USD.

My logic:
- After a deep -24% pullback, if the daily chart can hold steady above 12.7 USD (the previous low support), the rebound target is 15 USD.

Trading plan:
Long lightly at 12.7 USD–12.9 USD, stop loss at 12.3 USD (if it breaks below, it means there’s still another leg down), take profits in two stages at 14.5 USD and 16 USD, with position size not exceeding 15% of total capital.

Don’t rush to bottom-fish. Wait until 12.7 USD sees increased volume without breaking below, then enter—otherwise, just watch from the sidelines.

Lesson paid for with big losses: don’t befriend emotions.

If we hit over 200 likes, I’ll share my position data.