LAB at this spot, 13.60, up 87% in 24 hours, with $6.75 million in turnover. Not a record volume, but the volume-price alignment is okay.
What I’m watching is a pullback structure. It started around 13, then rallied to 14.2 on reduced volume, and after that it dipped back on lighter volume. Now it’s hovering around 13.6—right at the lower edge of a prior small base. If it can hold here and doesn’t break 13.3, then the short-term support and continuation setup can be considered confirmed.
On-chain net inflow isn’t that large, which suggests the main players haven’t been in a hurry to unload yet. According to my usual approach, at this kind of level I first look for a contraction in volume and stabilization, then wait for a volume expansion and a rebound before considering anything else. Don’t chase—wait for a pullback confirmation first.
What I’m watching is a pullback structure. It started around 13, then rallied to 14.2 on reduced volume, and after that it dipped back on lighter volume. Now it’s hovering around 13.6—right at the lower edge of a prior small base. If it can hold here and doesn’t break 13.3, then the short-term support and continuation setup can be considered confirmed.
On-chain net inflow isn’t that large, which suggests the main players haven’t been in a hurry to unload yet. According to my usual approach, at this kind of level I first look for a contraction in volume and stabilization, then wait for a volume expansion and a rebound before considering anything else. Don’t chase—wait for a pullback confirmation first.