This dump has a bit of a disregard for the rules—those who chased at the high just got buried alive.
From 0.1556 straight down to 0.114, a 27% swing with trading volume of 640 million yuan in real money, genuine turnover. The issue is: with this kind of volume, the price still keeps sinking—no one is stepping in to buy. It’s a pure distribution pattern. Don’t tell me it’s an oversold rebound. The longer it consolidates at 0.1298, the higher the probability it will break down later.
For the short term, keep an eye on 0.114. If it breaks, it turns into a psychological battlefield around the 0.10 round-number level. Resistance overhead at 0.135—if it can’t get back above it, that’s just a continuation of the downtrend. If you want to go long, wait until it recovers 0.145 on increased volume before discussing the logic. Entering now is catching a thrown knife.
At 0.1298, if you’ve got shares in hand, are you cutting or holding? Talk in the comments about your cost basis.
#LAB
From 0.1556 straight down to 0.114, a 27% swing with trading volume of 640 million yuan in real money, genuine turnover. The issue is: with this kind of volume, the price still keeps sinking—no one is stepping in to buy. It’s a pure distribution pattern. Don’t tell me it’s an oversold rebound. The longer it consolidates at 0.1298, the higher the probability it will break down later.
For the short term, keep an eye on 0.114. If it breaks, it turns into a psychological battlefield around the 0.10 round-number level. Resistance overhead at 0.135—if it can’t get back above it, that’s just a continuation of the downtrend. If you want to go long, wait until it recovers 0.145 on increased volume before discussing the logic. Entering now is catching a thrown knife.
At 0.1298, if you’ve got shares in hand, are you cutting or holding? Talk in the comments about your cost basis.
#LAB