Market Outlook: $LAB
The Squeeze Scenario: Despite a 300% rally from $4 to $19+, data still favors short-term upside. Negative funding (-0.24%), dropping Open Interest (9M to 8.1M), and overhead liquidity clusters mean a squeeze toward $22–$26 or even $30 remains highly possible.
The Trading Plan
The Stance: Not chasing the long. Instead, preparing for a high-reward short opportunity at the macro top.
Short Zone: $23–$26 (chosen purely for an optimal Risk-to-Reward ratio).
Trigger: Waiting for confirmed weakness (repeated top wicks, failed breakouts, lower highs, and consecutive red candles) rather than shorting blindly.
Trade Execution Setup
Example Entry: ~$23.2 (after confirmation of a rejection at $24.5).
Stop Loss (SL): Just above the local wick high (e.g., >$24.5).
Take Profit Targets (TP):
TP1: $17 🎯
TP2: $12 🎯
TP3: $5 🎯