$LAB DOWN 34% — VOLUME SURGES 120% AS LEVERAGE GETS FLUSHED 🔥
This is what a real washout looks like. $LAB just lost a third of its value in 24 hours while volume exploded 120% to nearly $59M — panic selling meets aggressive dip-buying. Open Interest dropped 23%, so leveraged traders are getting cleared out, not piling back in.
Funding rate is still negative, meaning shorts control the battle. Key support sits at $7.65 — a hold here could trigger a technical bounce, but a break opens the door to $4. Momentum is still bearish, so this is high risk.
Are you buying the dip or waiting for the dust to settle?
Not financial advice. Always manage your risk.
#LAB #CryptoCrash #Liquidation #Altcoin
🔥
This is what a real washout looks like. $LAB just lost a third of its value in 24 hours while volume exploded 120% to nearly $59M — panic selling meets aggressive dip-buying. Open Interest dropped 23%, so leveraged traders are getting cleared out, not piling back in.
Funding rate is still negative, meaning shorts control the battle. Key support sits at $7.65 — a hold here could trigger a technical bounce, but a break opens the door to $4. Momentum is still bearish, so this is high risk.
Are you buying the dip or waiting for the dust to settle?
Not financial advice. Always manage your risk.
#LAB #CryptoCrash #Liquidation #Altcoin
🔥