Highlighted Coin: LAB - Opportunity or a repeating trap.
One Coin has surged more than 300x from the bottom, and it’s still anchored at a high price level with an MC close to 8B. It looks tempting for those who like to take risks, but based on multiple historical facts, it seems this might be another repeat of a pattern similar to what happened with MYX, or more recently, BEAT.
+ High anchored price within 1 to a few weeks: Continuous rise/fall within a daily range of 10–30%.
+ Negative funding 1 hour above 0.1%: Too tempting for well-capitalized traders—just enter a trade and wait for profit. The MM creates a sufficiently long window to offload at high prices, withdraw, land safely, and then—boom (a “Ruyi Staff” candle appears, and of course with a blazing red color). Most Longs or Shorts end up getting wrecked.
Trading plan: LAB may return near the old peak area—watch for a strong red candle signal to consider a Short. Longs holding should gradually take profit and preserve gains.
So, do you think the scenario above will repeat? Comment and let’s discuss together.
All opinions are for reference only and not investment advice.
Wishing everyone good luck and may your trades be profitable—whatever you enter, hit a win!
#LAB #MYX #BEAT
One Coin has surged more than 300x from the bottom, and it’s still anchored at a high price level with an MC close to 8B. It looks tempting for those who like to take risks, but based on multiple historical facts, it seems this might be another repeat of a pattern similar to what happened with MYX, or more recently, BEAT.
+ High anchored price within 1 to a few weeks: Continuous rise/fall within a daily range of 10–30%.
+ Negative funding 1 hour above 0.1%: Too tempting for well-capitalized traders—just enter a trade and wait for profit. The MM creates a sufficiently long window to offload at high prices, withdraw, land safely, and then—boom (a “Ruyi Staff” candle appears, and of course with a blazing red color). Most Longs or Shorts end up getting wrecked.
Trading plan: LAB may return near the old peak area—watch for a strong red candle signal to consider a Short. Longs holding should gradually take profit and preserve gains.
So, do you think the scenario above will repeat? Comment and let’s discuss together.
All opinions are for reference only and not investment advice.
Wishing everyone good luck and may your trades be profitable—whatever you enter, hit a win!
#LAB #MYX #BEAT