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$LAB Short position deeply trapped by 5.8 points? Don’t panic! A trick called “Fake Fall” teaches you how to escape!
There’s a saying in the crypto world: “Don’t fear the trend being wrong, fear holding on stubbornly.” Brothers shorting near $11, do you feel like the sky is falling now? The current price is $16.8, nearly 6 points trapped, unwilling to cut losses, what should you do?
Bai Yue today opens up and shares a few words. First, the 1-hour chart has already lit up an “overbought” red light; this wave of short squeeze has gone a bit too far, and the bulls are now at their last strength. Second, look at the whale holdings, the long-short ratio skyrocketed to 275%, all gamblers celebrating wildly, and the main players are ready to harvest at any moment.
Breakout strategy:
Don’t hold on stubbornly! The current market is just “诱多” (trapping more buyers). Be patient and wait for a 1-hour level pullback; as long as the price dips below the moving average support, immediately do a quick trade to reduce costs, or set a breakeven stop-loss and reverse to go long. Remember, real huge profits are often hidden after stubbornly holding against the trend! Want to know where Bai Yue’s “life line” is drawn? Comment “LAB” below.