A reminder that unrealized profits aren't real until you actually take them. 😔
Well-known Chinese influencer @Irenezhao_ reportedly received an early $LAB allocation through the KOL round when the project was valued at around $20M FDV.
At $LAB 's peak near $25, the value of that allocation was estimated to be close to $30 million. With $LAB now trading around $0.50, its paper value has fallen to roughly $500,000
The last two times price touched the EMA25, it reversed and dropped. This time, instead of rejecting immediately, price is moving sideways as the market hesitates.
Will history repeat itself, or is this breakout different? 👀
This level has triggered strong sell-offs several times before. Will history repeat itself with another dump, or will this time be different and price finally break through?
$EVAA is making huge swings, and it looks like the market is trying to wipe out both LONGs and SHORTs.
My current view: I'd rather look for a SHORT around $1.20 than open a LONG at current levels. After a 4x rally from $0.3 , I think chasing a LONG here carries much higher risk. Of course, that's just my personal trading plan
Since $SXT is currently being used as a reward token for the #BinancePickAndWin event, I don't expect a strong pump just yet. That's my personal view, and I'm sticking to my plan unless the market proves me wrong.
As always, risk management comes first—markets can surprise anyone. What's your outlook on $SXT : bullish or bearish? 📉🤔