$LAB The current price is 0.409. On the daily chart, the moving averages have fully formed a dead cross, and the bearish alignment is firmly pressing down. In the past 24 hours, the whole market liquidated $146 million, and the long liquidation amount is clearly greater than the short side, indicating that the main forces are using an oversold rebound to clear long leverage. The liquidation map below shows that the low-multiple longs around 0.35 have already been almost fully harvested, while in the 0.45 to 0.5 range above, the short liquidation orders are stacked like a small mountain.

I checked the chart structure—this is a typical short trap in preparation. When price retraces upward into the resistance zone, it’s not for a reversal, but to go after the short-side liquidity above. With the bigger trend still downward, rallies are opportunities to short—don’t get fooled by this weak “repair” into chasing longs.
For execution: don’t rush to short at around the current price 0.409. Wait until the rebound reaches the 0.425 to 0.435 range before entering. Entry zone is 0.428 to 0.435. Take-profit 1 at 0.38, and take-profit 2 at 0.35. Place the defense level at above 0.455; once 0.455 is broken, the short strategy fails. The main downtrend remains unchanged—shorting the rebound is the current best solution.
$LAB
#BlackRock BUIDL on Avalanche chain AUM surpasses $900 million