$LAB What should we do next?
- LAB once surged to $24, but plunged back to $6 early this morning. 😂 Ouch—if you didn’t set a take-profit (TP), you probably woke up crying in the bathroom. (I set my TP at $15, so I only made a little—the funding rate ate up half of it.)
- Traders who entered short between $4 and $7 have been holding their positions for a month, so LAB is unlikely to fall much further in the short term.
- If the price rebounds above $20, I’ll consider shorting again. If it keeps dropping from here, so be it; but if it climbs back to $20 or higher, you could consider scaling in and opening short positions again.
- The funding rate is still at -0.5% 🤡🤡—that’s pretty high. Don’t rush into new short positions; to play it safe, wait for the price to return near its previous high before taking action, or just move on and look for other opportunities.
- Best wishes 🌹
- LAB once surged to $24, but plunged back to $6 early this morning. 😂 Ouch—if you didn’t set a take-profit (TP), you probably woke up crying in the bathroom. (I set my TP at $15, so I only made a little—the funding rate ate up half of it.)
- Traders who entered short between $4 and $7 have been holding their positions for a month, so LAB is unlikely to fall much further in the short term.
- If the price rebounds above $20, I’ll consider shorting again. If it keeps dropping from here, so be it; but if it climbs back to $20 or higher, you could consider scaling in and opening short positions again.
- The funding rate is still at -0.5% 🤡🤡—that’s pretty high. Don’t rush into new short positions; to play it safe, wait for the price to return near its previous high before taking action, or just move on and look for other opportunities.
- Best wishes 🌹