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This empty order finally got fulfilled. The sharp drop from $LAB ’s high point has already answered everything on the chart.
I’ve been watching this trade from around 4.25647. Back then, what really caught my attention wasn’t how much it fell, but that the rebound kept getting weaker and weaker—every time buy pressure came in, it was immediately slammed back down. A lot of people were still waiting for it to continue pushing higher, but the key level just wouldn’t hold. Something here was already off.
Now the price has reached 0.32658, and the unrealized profit is already at +1817.79%. The market’s room has been released very decisively. Put simply, this sell-off didn’t come out of nowhere—after multiple prior attempts failed to break through, the shorts started taking control of the rhythm.
For brothers who are in positions, here I’ll protect profits by 80% first, and keep the remaining 20% looking for further extension. The protective level will move down with it—don’t let the profit you’ve already locked in get eaten back by a rebound.
If you haven’t entered, don’t chase it hard, especially after consecutive sell-offs—this is when it’s easiest to get tricked into buying during a sudden plunge. Wait for the next rebound to fail to break, and for the structure to confirm again—then look for a more comfortable spot. Don’t chase entries, and don’t chase shorts.
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