Don’t be fooled by that small rebound—the real thing we should watch is the abnormal movement. In the past two days, $LAB has been hovering around a certain price level, as if it’s not going down anymore. But when I break down the volume, I can see the rebound is on shrinking volume. In other words, there aren’t many buyers actually taking positions. This kind of structure is very common in a trending market: it’s a bearish continuation, not a bottom.

Think about it—if it were truly a reversal, the 15-minute timeframe should have already seen a high-volume breakout. But in reality, it hasn’t even touched the edge of the key resistance zone. That means the bears haven’t left at all. I believe this is the stage where the bears are building up power. Once this weak rebound runs out, the next leg lower will most likely come. Shorting isn’t chasing the fall—it’s waiting for the rebound to lose momentum, then entering in line with the trend. That also makes it easier to place a stop-loss and give it room.

🔴 Trading direction: Short
📍 Entry range: 0.0686846 – 0.0689259
🛑 Stop-loss: 0.0718812
🎯 Take-profit 1: 0.0664982
🎯 Take-profit 2: 0.0649602
🎯 Take-profit 3: 0.0626532

In still waters, profound foresight lies hidden; as the market rises and falls, it remains composed.
Walk with Fei Jie, and read the pulse of surging wealth.

#LAB

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