👀 Do you remember $LAB
? 👀
Its price dropped by around 99% a few days ago, which looks extremely alarming, but the situation needs to be analyzed objectively.
The liquidity data shows that many traders opened SHORT positions, creating a large concentration of liquidity around the $3 zone.
Now that the price has stabilized around current levels and the project remains listed on Binance, there is a possibility of a strong upward move in the coming days as short positions could face liquidation.
My prediction:
A potentially aggressive move toward the $3 zone. 🚀
Always manage risk and do your own research.
? 👀
Its price dropped by around 99% a few days ago, which looks extremely alarming, but the situation needs to be analyzed objectively.
The liquidity data shows that many traders opened SHORT positions, creating a large concentration of liquidity around the $3 zone.
Now that the price has stabilized around current levels and the project remains listed on Binance, there is a possibility of a strong upward move in the coming days as short positions could face liquidation.
My prediction:
A potentially aggressive move toward the $3 zone. 🚀
Always manage risk and do your own research.