LAB sees "Top Divergence + Overbought"! Smart money 84% profit surge, is it a bloodbath for shorts or the final blow for longs?



If you understand this chess game, you profit from information asymmetry; if not, you are the pawn.

1-hour chart: price bounced to 18.14, but volume is shrinking, RSI(6) at 78.6, textbook top divergence + overbought, 18.66 previous high resistance, 15.3 strong support.

Liquidation map shows short orders clustered above at $20-26, long orders piled below at $15-17, currently stuck in the middle, liquidation on both sides could happen at any moment. Smart money profit 84%, average cost 14.89, long/short ratio 220%, negative funding rate -0.32% makes shorts bleed every day.

Strategy

Long around 17.90-18.05; Short around 18.66-19.00,

Chips are highly concentrated, early investors' unlock is imminent in August, this rally cannot rule out a pump and dump to pave the way for reducing positions, chasing longs requires extreme caution.

$LAB #TradFiCFD黄金大师赛
LAB9.95%
View Original
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