shortcovered

$LAB SHORT CLOSED – STRUCTURE FLIPPING BULLISH 🔍

I just covered my short on $LAB . That position had been paying out, but the selling pressure faded faster than I expected. The bid stepped in hard at the lows and we got a clean rejection of the daily descending channel.

Volume is thinning on the sell side and the last few candles show buyers absorbing supply. Shorts might want to watch closely here.

Are you staying short or flipping long at this level?

Not financial advice. Always manage your risk.

#LAB #ShortCovered #Crypto #TradingSetup

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