$LAB is starting to leak downwards.
I don't care if it's a bear trap or not, there's no need to play guessing games with the market at this level.
Just follow the trend, if I'm wrong, I'll take the hit; losing above 7.77 is just the way it goes.
It's been grinding at these highs for too long; the longer it consolidates, the harder it will drop when it finally does.
A lot of folks love to play mind games with the whales in situations like this:
"Is it a shakeout?"
"Is it a bear trap?"
"Is it going to moon?"
The thing is, you're not a fly on the wall in the whale's mind.
The most important thing in trading isn't to guess what it's planning, but to see what it's actually doing right now.
Right now, it's clearly starting to sell off, and the structure is weakening, so we should treat it as a downtrend.
If it truly wants to regain strength, it will naturally bounce back; we'll reassess then.
What high-priced coins fear most isn't a drop, but seeing them start to leak while you desperately try to create reasons for them to keep climbing.
The market won't hold back just because you're stubborn.
What needs to drop will eventually drop; it's just a matter of time.