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$LAB About to change? Beware of short sellers being 'squeezed'!
There's a saying in the crypto world: "If the shorts don't die, the longs won't stop." Hello everyone, I'm Bai Yue. LAB just surged to 20.2 and then fell to around 18.8. It looks scary, but the chart had already shown its tell.
Look closely at the liquidation map. Above the current price, it's all 'mines'. As long as the price jumps up a bit and breaks through the key level of $19, the shorts hanging above will be collectively 'liquidated'. This is the favorite hunting game of the market makers—to flush out the short sellers and collect a wave of bloody chips in the process. Plus, with so many people shorting recently, the market is prone to a short squeeze.
Bai Yue's Strategy
Long: around 18.5-19, target around 21-25; Short: around 25-25.5
Personal opinion: Right now it's the darkness before dawn. The market makers are sharpening their knives for the shorts. Don't easily give up your chips!
#美国5月PCE通胀升至4.1%创三年新高 #USD1链上质押享年化9.48%