$LAB at 11.45, plummeted 37% in 24 hours, crashing from 18.46 down to 11.00, playing with adrenaline. This drop resembles a liquidation stampede, not a fundamental reversal. Looking at on-chain data, whales are sweeping up in the 11.0-11.5 range, but a trading volume of 398 million suggests panic selling hasn't fully cleared. Short-term support is at 11.0, with a break below targeting 9.8; resistance on the rebound is at 12.5-13.0. This is not the bottom-buy zone; wait until around 11 stabilizes with reduced volume before considering entry, with a stop loss at 10.5, and targets of 13.5-14.0, with position size no more than 10%. The rebound expectation is high but the fall was severe—has the news already been priced in? Poll: Do you think LAB can V-shape back? A) Yes, whales are supporting B) No, new lows are coming. Tag: For those losing more than 10%, don’t rush to add positions. I focus on volatility, stay close or fall behind.

LAB-23.29%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned