Thinking $LAB has bottomed out here is a guaranteed way to liquidate your entire trading balance!
A lot of retail traders are panic-buying this drop assuming the worst is over, but the cold hard data proves they are walked straight into a slaughterhouse. $LAB is crashing down over -18.30% because a dominant squad of 67 smart-money whales are aggressively shorting it, sitting on a massive +$3.01 Million in pure unrealized profit with an average entry from all the way up at 12.0843 USDT. Meanwhile, 76 trapped bulls are underwater trying to hold up $11.94M in bleeding long positions. The momentum is heavily favoring the bears and the funding rate is highly negative. I am going short to ride this capitulation down before the absolute floor gives way.
My Setup:
Entry Zone: 8.8500 - 8.9500 USDT
Take Profit: 7.2000 USDT
Stop Loss: 9.8000 USDT
A lot of retail traders are panic-buying this drop assuming the worst is over, but the cold hard data proves they are walked straight into a slaughterhouse. $LAB is crashing down over -18.30% because a dominant squad of 67 smart-money whales are aggressively shorting it, sitting on a massive +$3.01 Million in pure unrealized profit with an average entry from all the way up at 12.0843 USDT. Meanwhile, 76 trapped bulls are underwater trying to hold up $11.94M in bleeding long positions. The momentum is heavily favoring the bears and the funding rate is highly negative. I am going short to ride this capitulation down before the absolute floor gives way.
My Setup:
Entry Zone: 8.8500 - 8.9500 USDT
Take Profit: 7.2000 USDT
Stop Loss: 9.8000 USDT