$LAB Lows are constantly rising, highs are also constantly rising—how far away is previous high of 24.4? I don’t recommend shorting LAB; personally, I’m more inclined to wait and see!! If I’m not mistaken, Mi Jie has always said about LAB: don’t short it now—shorting is just “fuel.” Fundamentally, LAB is a DeFi project that focuses on on-chain trading plus AI strategies, not a Meme coin that’s purely driven by hype and emotions. And right now, LAB’s fee schedule settles once every hour, and the funding rate is still negative. Shorting isn’t cost-effective, and it’s also easy to get slowly bled by the market maker—if you hold a short position, you end up paying costs every day. Instead of stubbornly shorting, it’s better to wait until the direction is clear and then enter a long position in small size, following the trend. Put simply, going short now is actually playing right into the market maker’s hands. From the chart, the price has kept ranging while staying at high levels, and support around $15 is very clear—multiple pullbacks haven’t managed to break it effectively. If it can’t drop, that by itself indicates the market is still relatively strong, and for now the trend is still upward. Also, LAB currently doesn’t have a high circulating supply; fully diluted valuation has already reached $16 billion. There are also large amounts of tokens scheduled to unlock later on. My personal judgment is that the project team will likely pump again before the unlocking, and use the opportunity to harvest another round of retail investors. As for whether it can rally back to retest the previous high of $24.4, or even break into new highs—let the market give us the answer. We’ll wait and see!! #0成本拿2股SK海力士

LAB-30.39%
View Original
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
AngryChickenFeather
· 06-26 11:07
Going long is also bagholding.
View OriginalReply0
  • Pinned