I’m going to open a BIG LONG on $LAB here.
TP: $0.0458
SL: $0.0395
Now the question is: why long after such a brutal dump?
Because that cascade already did the job of flushing late sellers and weak hands out.
Price got smashed lower, everyone started reading it as bearish continuation, but now the move is struggling to extend properly and we’re holding the base.
From here, I think it may only take a few candles — maybe even one strong green candle — to start the real squeeze higher.
There’s still a lot of liquidity sitting above from those late shorts, and that’s the area I’m targeting.
So for me, the setup is still simple on $LAB :
Late sellers entered low.
Momentum is fading.
Liquidity is above.
Now I’m waiting for the market to start clearing them out.
TP: $0.0458
SL: $0.0395
Now the question is: why long after such a brutal dump?
Because that cascade already did the job of flushing late sellers and weak hands out.
Price got smashed lower, everyone started reading it as bearish continuation, but now the move is struggling to extend properly and we’re holding the base.
From here, I think it may only take a few candles — maybe even one strong green candle — to start the real squeeze higher.
There’s still a lot of liquidity sitting above from those late shorts, and that’s the area I’m targeting.
So for me, the setup is still simple on $LAB :
Late sellers entered low.
Momentum is fading.
Liquidity is above.
Now I’m waiting for the market to start clearing them out.