$LAB This round, the shorts may finally get to feel comfortable.
Down from the high level earlier, and today it keeps grinding back and forth around $0.08. The rebounds don’t show much strength.
With this kind of price action, I usually don’t rush to buy the dip. Instead, I’ll wait for it to fail to rebound, and then look for another opportunity to short.
If $0.08 can’t hold, my next watch level is $0.075. After a breakdown, there may be more room for downside to open up.
Of course, if it suddenly rallies with heavy volume back above $0.09, then shorts would need to run.
In this kind of market, both bulls and bears can trade. But personally, I’m more biased toward the short side.
After all, in a weak market, the scariest thing is catching a thrown knife.
$LAB
Down from the high level earlier, and today it keeps grinding back and forth around $0.08. The rebounds don’t show much strength.
With this kind of price action, I usually don’t rush to buy the dip. Instead, I’ll wait for it to fail to rebound, and then look for another opportunity to short.
If $0.08 can’t hold, my next watch level is $0.075. After a breakdown, there may be more room for downside to open up.
Of course, if it suddenly rallies with heavy volume back above $0.09, then shorts would need to run.
In this kind of market, both bulls and bears can trade. But personally, I’m more biased toward the short side.
After all, in a weak market, the scariest thing is catching a thrown knife.
$LAB