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After that earlier spike up, I felt something was off. $LAB looks strong, but every time it pushes up, someone dumps it. A lot of people only see the price chopping at a high level, but what I care about is that the range-bound movement is no longer continuing to grind higher—this is exactly where the market can suddenly flip its face.
For this LAB short, once the opportunity was given around 4.25647, I didn’t rush to exit. I was waiting for the breakdown of the lower structure. Now the price is at 0.48999, with the return rate reaching +1743.31%—the trading range has been released very cleanly.
The most crucial thing back then was that the rebound lacked power. After the price returned to the key zone, it was pushed back down again, which shows that the longs’ follow-through has already broken. In plain terms, the rhythm has changed. The people who were hesitating are still waiting for direction, but the chart has already answered first.
Now that you have profits, don’t get cocky. It’s more comfortable to handle it in an 80/20 split in batches, and lock the remaining position with protective levels. Missing this leg doesn’t mean you have to get emotional—don’t chase on a rebound. Wait for the next position with stronger certainty.
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