$LAB just delivered a brutal capitulation — and then a violent reversal.
Price flushed down to $0.0451, falling more than 40% in 30 days, before buyers suddenly stepped in and pushed it back toward $0.0686, nearly +46% on the day.
That kind of V-reversal usually comes with serious liquidation activity. Shorts caught on the wrong side can get squeezed hard.
I’m not chasing this green candle.
The key zone now is $0.0680–$0.0700. If LAB fails to hold this area and starts rejecting, I’ll be watching $0.0600 for a possible short setup.
For now, patience. Let the volatility settle and wait for confirmation.
No FOMO. Let the chart come to you.
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A little while ago, $BTC was hovering around $79,100 and the market suddenly started looking bullish again. I called it a trap and took the short.
Now we're around $77,500. I've closed that position in profit — no need to squeeze every last dollar out of one trade.
But I'm still not turning bullish.
The way $BTC is behaving here still tells me another sell-off could be building. I'm watching for a fresh short setup, with $76,500 as the first target and possibly $75,500 if selling pressure keeps up.
For now, I'm staying patient. The first move paid off — I'm not going to force the second one. 👀
Bitcoin is showing a powerful V-shaped recovery from the $60K–$65K demand zone, now trading around $77,846 and pushing directly into major macro resistance.