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Brothers, just finished lunch,
opened the chart and nearly spit out my food 🍚😷
$LAB This guy is going on a rampage again 🐮,
Micron $MU is taking off directly this time,
The new coin $CARDS is also joining in the fun,
Today's market is trying to rub my face against the screen!
Brothers, first look at today's LAB,
This market maker is truly ruthless,
Going all the way from 15.23 to 17.32,
Touched a high of 18.75,
The volatility is maxed out 🤯.
Although there was a wick down to 15.2 in the morning, it was quickly picked up. The typical market maker move is to first squeeze longs, then pump. The longs just went from despair to euphoria.
Look closely at the RSI on the 6-hour chart, it dropped from 75 to 65, indicating that those who chased highs got washed out. But the MACD is still floating above 0.2. As long as 16.7 holds, $20 is not a dream.
However, that wick at 18.7 was painful. Don't be stubborn if you're short, and longs should set stop-losses too. The market maker loves to harvest both sides.
Is Micron on some kind of drug today 🌚?
24-hour low of 994, high of 1253, a +2% gain looks mild, but with this 200+ dollar fluctuation, those wicks are making me dizzy 😂.
The upper Bollinger Band at 1255 is acting as resistance, with the EMA dense zone around 1230. Short-term, it's likely to oscillate and wash out in a high range. Just broke out of the historical range, shorts are probably trembling, but longs shouldn't get too cocky either. The market maker might dump first and then pump anytime.
These three brothers are all restless today, either oscillating to wash out or surging and then pulling back. Each one is more troublemaking than the last. Which one are you still holding? Let's console each other in the comments 👇, don't let me be the only one losing money 😭!