Just went up to 9.4 and got smashed back down, $LAB ate 28 points in 24 hours, 8.85 is still falling, only one dollar away from today's low of 8.51.


That false breakout at 13.7 in the morning hunted how many longs.
My position: Currently flat, waiting for confirmation. Plan as follows — Two entry scenarios: 1. If it bounces back to 9.1 and holds for 15 minutes, enter 1% long position, stop loss at 8.75, target 9.8. 2. If it continues to break below 8.5, wait for the 8.0-8.2 range to go long, stop loss at 7.8, initial target 9.0.
Current trading volume is $420 million, falling volume indicates it hasn't reached panic selling yet. But the daily level breakdown is very ugly, short longs only for bounces.
Vote battle: Do you think it will first rebound to 9.5 then drop, or directly break 8.5 and head to 7.8? The comments section will reveal the bets.
Results updated in the comments section.
LAB-34.44%
View Original
post-image
post-image
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