$LAB TO $31 SOON. IF NOT, I WILL DELETE MY ACCOUNT..👀🔥
And the funny thing? After checking the data... I cant even call that impossible.
LAB already moved from around $4 to $19+. Funding still sits near -0.24%, OI dropped from 9M+ to 8.1M, shorts are still crowded, and the biggest liquidity cluster is still above current price. That means the squeeze may not be finished yet.
Can LAB reach $22-$24? Very possible. Can LAB reach $25-$26? Also possible. Can it even touch $30 if shorts keep getting trapped? Yes.
Why Short
Current data still slightly favors the long side. But from a RR perspective, I am much more interested in the short side.
A move from $19 to $24 is roughly 25%. A move from $24 back to $12, $8 or even $5 is much larger. The problem is not finding downside. The problem is finding the proper top.
My plan
The easy long was at $5, $8 or $12. I am not chasing a 300% move. I am preparing for a possible top.
My personal short zone is $23-$26. Not because the top must be there, but because RR becomes much better there.
How I would enter
If LAB reaches $23-$26, I dont short instantly wait few minutes. If price keeps holding that zone and pumping, I do nothing. Let it go
But if price starts printing repeated top wicks, failed breakouts, lower highs and 2-3 strong red candles in a row, then I start paying attention.
Think LAB reaches $24.5. First candle rejects near $24.5, next candle closes red near $23.9, another red candle closes near $23.2, then another red candle pushes toward $22.7. Now momentum is changing and buyers are no longer in full control.
Entry & SL
Entry comes after weakness appears, not before.
Example: entry near $23.2 after the rejection sequence. Latest wick high is $24.5, so SL goes slightly above $24.5. Simple, logical and based on structure instead of emotions.
Targets
TP1: $17
TP2: $12
TP3: $5
For now, data still slightly favors upside. Funding remains negative, shorts remain crowded and liquidity remains above current price. Thats exactly why I am not trying to predict the top today. $HOME
