$LAB is sitting right below a VERY important level. 👀
Price is around $0.149, while $0.16 remains the major resistance.
But positioning makes this interesting:
🔴 Shorts: $4.29M
🟢 Longs: $1.96M
More than 2X the capital is positioned short, and only 29.11% of shorts are currently profitable.
If $LAB breaks and holds above $0.16, those crowded shorts could add fuel to a sharp squeeze higher. 🔥
But until $0.16 is reclaimed, resistance is resistance.
#LAB #Crypto #Trading
Price is around $0.149, while $0.16 remains the major resistance.
But positioning makes this interesting:
🔴 Shorts: $4.29M
🟢 Longs: $1.96M
More than 2X the capital is positioned short, and only 29.11% of shorts are currently profitable.
If $LAB breaks and holds above $0.16, those crowded shorts could add fuel to a sharp squeeze higher. 🔥
But until $0.16 is reclaimed, resistance is resistance.
#LAB #Crypto #Trading